Paris – June 3, 2025 — Paris-listed Blockchain Group has significantly deepened its stake in Bitcoin, announcing a $68.6 million acquisition of 624 BTC on Tuesday. The move underscores the firm’s ambition to become a leading institutional holder of the cryptocurrency.
With this latest purchase, the company’s total Bitcoin holdings now stand at 1,437 BTC, valued at approximately $150.37 million. The acquisition marks Blockchain Group’s largest single-day Bitcoin purchase to date.
Strategic Financing Powers Acquisition
The firm funded the bulk of the transaction through a $63 million convertible bond issued to Fulgur Ventures, enabling the purchase of 544 BTC. An additional 80 BTC was acquired using proceeds from a $9.8 million capital raise finalized in late May.
The BTC was secured via Banque Delubac & Cie and Swissquote Bank Europe, with both institutions leveraging custody services from Swiss-based Taurus.
Bitcoin Strategy Gains Momentum
The announcement comes on the heels of several recent Bitcoin buys by the Blockchain Group, including 227 BTC on May 22 and 580 BTC on March 26. The company began its accumulation in November 2024, initially acquiring 15 BTC for $1.08 million, followed by another 25 BTC in December.
These purchases reflect a methodical scaling strategy designed to build a robust crypto treasury. The firm’s average cost basis has gradually increased, illustrating a calculated long-term vision.
As of May 31, Blockchain Group reported unrealized gains of $47.88 million from its Bitcoin investments.
Focus on Bitcoin Holdings Per Share
The company’s treasury strategy is closely tied to increasing Bitcoin per share, supported by capital raises and consistent acquisitions. Earlier this year, Blockchain Group completed its $9.8 million capital raise aimed at boosting liquidity and operational scale.
The firm reiterated its commitment to Bitcoin as a core treasury reserve asset, signaling more activity in the months ahead as part of its ongoing institutional adoption strategy.
