Paris-listed tech company The Blockchain Group has increased its Bitcoin reserves with the purchase of 182 BTC for around $19.6 million, bringing its total holdings to 1,653 BTC—now valued at over $170 million at current market prices.
The acquisition, completed on June 17, was funded through a series of recently finalized convertible bond issuances worth nearly €18 million (approximately $20.7 million), the firm announced on Wednesday.
Key investors in the funding round included UTXO Management, Moonlight Capital, TOBAM, and Ludovic Chechin-Laurans, each participating in different segments of the bond offerings.
The BTC purchases were facilitated by Banque Delubac & Cie and Swissquote Bank Europe SA, while Swiss-based digital asset infrastructure provider Taurus oversaw custody operations.
Blockchain Group Reports 1,173% Bitcoin Return in 2025
The Blockchain Group reports a year-to-date Bitcoin yield of 1,173.2%, driven by a rise in the ratio of BTC holdings to its fully diluted share count. Since January, the company has added 469 BTC and recorded over $49.4 million in gains from Bitcoin appreciation.
With an average acquisition cost of approximately $103,000 per BTC—below current market levels—the firm stands to benefit further as it eyes the purchase of an additional 70 BTC, which would bring total reserves close to 1,723 BTC.
Listed under the ticker ALTBG on Euronext Growth Paris, the company’s stock is down 3.9% today, according to Google Finance.
Earlier this month, The Blockchain Group unveiled plans to raise €300 million ($342 million) through an “At the Market” (ATM)-style offering aimed at strengthening its Bitcoin treasury.
The capital raise will be executed in tranches, with shares sold at market-based prices determined by either the prior day’s closing price or the volume-weighted average price, and limited to 21% of the daily trading volume.
26 Companies Added Bitcoin to Their Treasuries Over the Past Month
An increasing number of public companies are adding Bitcoin to their balance sheets, with at least 26 entities doing so in the past month, according to data from BitcoinTreasuries.NET.
Despite the trend, some analysts caution that not all firms are making these moves from a position of strength. Fakhul Miah of GoMining Institutional warns that smaller companies emulating high-profile Bitcoin strategies may lack the necessary risk management frameworks.
Standard Chartered Bank has also sounded the alarm, suggesting that if Bitcoin were to drop below $90,000, nearly half of these firms could face severe financial stress—potentially leading to mass liquidations and damaging Bitcoin’s broader reputation.
