In a significant move that signals growing institutional adoption of Bitcoin, Blockchain Group has expanded its cryptocurrency holdings with a massive purchase of 624 BTC worth $68.6 million. This strategic acquisition, which follows a broader trend of corporate Bitcoin treasury adoption, pushes the Paris-listed firm’s total Bitcoin holdings to 1,437 BTC, valued at approximately $150 million.
Strategic Bitcoin Accumulation Timeline
Blockchain Group’s Bitcoin acquisition strategy has shown a clear pattern of accelerating purchases:
- November 2024: Initial purchase of 15 BTC ($1.1M)
- December 2024: Added 25 BTC
- March 2025: Acquired 580 BTC
- May 2025: Purchased 227 BTC
- June 2025: Latest acquisition of 624 BTC ($68.6M)
Financing Structure and Investment Strategy
The recent purchase was primarily funded through:
- $63M convertible bond issued to Fulgur Ventures (544 BTC)
- $10M capital raise (80 BTC)
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Custody Solutions and Security Measures
To ensure maximum security for its Bitcoin holdings, Blockchain Group has partnered with:
- Banque Delubac & Cie
- Swissquote Bank Europe
- Taurus (Swiss custody provider)
Investment Performance and Risk Analysis
Current portfolio metrics:
- Total Holdings: 1,437 BTC
- Current Value: ~$150 million
- Unrealized Gains: $48 million (as of May 31)
Frequently Asked Questions
Why is Blockchain Group investing heavily in Bitcoin?
The company sees Bitcoin as a strategic treasury asset and aims to establish itself among top institutional holders.
What are the risks associated with this investment?
Key risks include Bitcoin price volatility and potential share dilution from convertible bonds.
How does this compare to other institutional Bitcoin purchases?
This acquisition places Blockchain Group among significant institutional Bitcoin holders, though still behind major players like MicroStrategy and Tesla.
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