The Blockchain Group, Europe’s first Bitcoin Treasury Company, has secured a $13.43 million bond to fuel its Bitcoin buying spree. This French firm is doubling down on cryptocurrency, aiming to solidify its position as a top corporate Bitcoin holder. The announcement, made today, has sparked excitement in the crypto world, signaling strong confidence in Bitcoin’s future.
Blockchain raised $13.43M for BTC
The Blockchain Group raised the cash through a convertible bond issuance, finalized in early March 2025. This bond, managed by its Luxembourg subsidiary, allows investors to convert their holdings into company shares or cash later.
The funds are earmarked for purchasing more Bitcoin, aligning with the firm’s goal to amass a significant Bitcoin reserve. By the end of 2025, the company aims to hold 10,000 BTC, with a long-term target of 21,000 BTC by 2026. This strategy reflects their belief in Bitcoin’s scarcity and security as a hedge against economic uncertainty.
Bitcoin Available for All
The Blockchain Group’s Bitcoin journey began with a $50 million purchase, bringing its total holdings to $54 million, which ranks it among the top 30 corporate Bitcoin holders globally. This latest bond follows a pattern seen in earlier fundraising, like their March convertible bond issuance.
Other firms, such as Japan’s Metaplanet, have mirrored this trend. On May 2nd, the firm issued zero-interest bonds, a strategic move to gather $24.7 million without promising interest payments. The bonds, part of its 11th series, were sold to EVO FUND, with repayment planned using proceeds from stock acquisition rights. The cash is earmarked for buying more Bitcoin, boosting Metaplanet’s reserves.
Strategy, led by Michael Saylor, also aggressively acquired Bitcoin, buying 13,390 BTC for $1.34 billion yesterday. These companies view Bitcoin as a strategic asset, capitalizing on its decentralized nature and potential for growth amid market volatility.
The Blockchain Group’s $13.43 million bond shows its commitment to Bitcoin as a core asset, joining a wave of firms betting big on crypto. Notably, recent posts on X reveal the firm is exploring partnerships with crypto exchanges to streamline future purchases, hinting at even bolder moves ahead.
