The Blockchain Group Expands Bitcoin Holdings with €17 Million Acquisition

The Blockchain Group has announced the acquisition of 182 additional bitcoins for approximately €17 million.

This strategic move increases the company’s total bitcoin treasury to 1,653 BTC, now valued at around €148.9 million. The average acquisition cost stands at €90,081 per bitcoin.

This acquisition forms part of a broader growth strategy that has driven exceptional performance throughout the year. The group has recorded a year-to-date (YTD) BTC Yield of 1,173.2%, representing a gain of 469.3 BTC and €43.77 million in value. On a quarter-to-date (QTD) basis, the company achieved a 57.2% BTC Yield, translating to an increase of 354.8 BTC and €33.1 million.

IMG TXT: Blockchain Group confirms the acquisition of 182 BTC. Source: Blockchain Group.

To finance these acquisitions, The Blockchain Group utilised a mix of convertible bond issuances and warrant conversions. On May 26, 2025, the company raised €3 million through a bond issuance to UTXO Management, securing 31 BTC, and an additional €4.6 million from Moonlight Capital for 48 BTC. This was followed by a €2.4 million raise from Ludovic Chechin-Laurans (25 BTC) and €6 million from TOBAM (62 BTC) on June 12. Moreover, €1.6 million was raised through the conversion of BSA 2025-01 warrants, allowing for the purchase of an additional 16 BTC.

These transactions were executed by Banque Delubac & Cie and Swissquote Bank Europe SA, with custody provided by Taurus, a Swiss digital asset infrastructure specialist. The company’s share capital now comprises 126.7 million shares, with a fully diluted total of 316.2 million. Major shareholders include Fulgur Ventures (46.14%), Adam Back (10.81%), and TOBAM (3.32%).

Looking ahead, the company expects to acquire approximately 70 more bitcoins through pending transactions and additional capital raises, potentially raising its total holdings to 1,723 BTC. This aligns with its ongoing “ATM-type” capital increase program with TOBAM, which recently brought in €7.2 million. The program is designed to expand the company’s bitcoin holdings per share over time, reinforcing its core strategy as a Bitcoin Treasury Company.

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