The Blockchain Group (Euronext Paris: ALTBG) has, with the grace of a seasoned financier, confirmed the acquisition of 116 bitcoin for a rather princely sum of approximately €10.7 million (about $12.5M), bringing its total holdings to a staggering 1,904 BTC, valued at around €172 million (approximately $202M).
This delightful announcement follows the final completion of a capital increase, as part of the “ATM-type” capital increase program with TOBAM, which raised about €1 million and facilitated the acquisition of 11 BTC. One might say, it’s like finding a small fortune in the back of a sofa. Additionally, the company completed a convertible bond issuance through its Luxembourg subsidiary, raising €10 million to acquire 105 BTC. The Blockchain Group reported a year-to-date BTC Yield of approximately 1,348.8%, with a BTC Gain of about 539.5 BTC and a BTC € Gain of roughly €49.7 million. The average acquisition price for the total BTC holdings is approximately €90,332 per bitcoin. Quite the bargain, wouldn’t you say? 🤑
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2025-07-08 11:02