The Blockchain Group Expands Bitcoin Holdings to 1,904 BTC Following €11M Capital Raise, Reports 1,349% YTD BTC Yield
The Blockchain Group, Europe’s first Bitcoin Treasury Company listed on Euronext Growth Paris, has announced the acquisition of an additional 116 BTC, increasing its total Bitcoin holdings to 1,904 BTC. This latest move represents a 6.5% increase from the company’s previously reported 1,788 BTC.
On July 7, the company confirmed the successful completion of three strategic capital raises totaling approximately €11 million. These funds were used to purchase 116 BTC at an average acquisition price of €94,827 per BTC.
The capital raises included:
- An “ATM-type” equity issuance finalized on July 1, which raised ~€1 million from institutional investor TOBAM at €5.251 per share, funding the purchase of 11 BTC.
- A €5 million convertible bond subscribed by TOBAM through The Blockchain Group’s Luxembourg subsidiary at a conversion price of €5.174 per share, enabling the purchase of 52 BTC for roughly €4.8 million.
- Another €5 million convertible bond, this time subscribed by Blockstream CEO Adam Back, which funded the acquisition of 53 BTC for about €4.9 million.
With this addition, The Blockchain Group and its Luxembourg arm have acquired a total of 1,904 BTC at a cumulative investment of approximately €172 million, resulting in an average entry price of €90,332 per BTC.
The company also reported strong performance metrics: a year-to-date BTC yield of approximately 1,348.8%, up 6.1% from the previously reported 1,270.7%, and a total BTC gain of 539.5 BTC since the beginning of the year. This translates to an unrealized BTC € gain of nearly €49.7 million, highlighting the compounding impact of continued accumulation.
The Blockchain Group began its Bitcoin accumulation strategy in November 2023 and aims to hold 170,000 BTC—equivalent to 1% of Bitcoin’s total supply—by 2032. The company remains focused on increasing the amount of BTC held per fully diluted share, cementing its leadership as a dedicated Bitcoin Treasury Company.
