The Blockchain Group, Europe’s first Bitcoin treasury company, has snapped up 624 BTC for $68.7 million, bringing its total holdings to 1,471 BTC. This acquisition, announced today, underscores the French firm’s push to make Bitcoin a cornerstone of its financial strategy, capturing attention in the crypto market.
The Blockchain Group Buys 624 BTC
The Blockchain Group funded its latest purchase through two major financial moves. They are a $7.8 million private placement on May 20, which secured 80 BTC, and a $63 million convertible bond issuance, backed by Fulgur Ventures, to acquire approximately 544 BTC. The transactions were executed by Banque Delubac & Cie and Swissquote Bank Europe SA, with secure custody provided by the Swiss firm Taurus.
Since launching its Bitcoin treasury strategy in November 2024, the company has made consistent purchases; 15 BTC in November, 25 BTC in December, 580 BTC in March 2025, and 227 BTC on May 22. This latest buy of 624 BTC is its largest single-day acquisition, reflecting a steady commitment to accumulating Bitcoin, with a total of 1,471 BTC now valued at about $106 million.
Bitcoin Attracts More Moguls
The Blockchain Group’s strategy is unique because it aims to increase the value of Bitcoin per share over time, treating the cryptocurrency as a long-term treasury asset rather than a short-term investment. Deputy CEO Alexandre Laizet emphasized holding Bitcoin indefinitely, leveraging its potential 60% annualized growth to enhance shareholder value without the risks associated with traditional mergers.
This approach mirrors U.S. firm Strategy, but The Blockchain Group stands out as Europe’s pioneer in this space. Other notable firms recently boosting Bitcoin holdings include Strategy, which acquired 4,020 BTC in May 2025, totaling 580,250 BTC. GameStop also entered the fray, announcing a $1.3 billion convertible notes offering to fund Bitcoin purchases, signaling growing corporate interest in crypto reserves.
The Blockchain Group’s latest acquisition solidifies its position as a trailblazer in Europe’s corporate adoption of Bitcoin. With a remarkable 1,097.6% BTC yield year-to-date and a gain of 439 BTC, its stock price has increased by over 873% in 2025.
