The Blockchain Group (Euronext: ALTBG) has confirmed the acquisition of 116 additional Bitcoin (BTC) for approximately €10.7 million, boosting its total holdings to 1,904 BTC, now valued at roughly €172 million.
The move further strengthens the company’s position as Europe’s leading Bitcoin treasury company, highlighting its continued commitment to a crypto-forward corporate strategy.
This latest accumulation follows two key financing operations finalized on July 1. First, the firm completed a €1 million capital raise under its “ATM-type” program with TOBAM, issuing 200,300 shares at an average subscription price of €5.251. Proceeds from this raise enabled the purchase of 11 BTC.
????The Blockchain Group confirms the acquisition of 116 BTC for ~€10.7 million, the holding of a total of 1,904 BTC, and a BTC Yield of 1,348.8% YTD⚡️
Full Press Release (EN): https://t.co/m8xNvpVtCz
Full Press Release (FR): https://t.co/Uq4U21MZQb
BTC Strategy (EN):… pic.twitter.com/FCGHR2dxZG
— The Blockchain Group (@_ALTBG) July 7, 2025
In parallel, The Blockchain Group executed two separate €5 million convertible bond issuances through its Luxembourg-based subsidiary. One tranche was subscribed by TOBAM, supporting the acquisition of 52 BTC. The second tranche was taken up by Blockstream CEO Adam Back, who facilitated the purchase of an additional 53 BTC. Both bond series are convertible into company shares at €5.174 per share, representing a 30% premium over the company’s closing price of June 27.
As a result of these efforts, the company now reports a BTC Yield of 1,348.8% year-to-date, reflecting the sharp increase in Bitcoin held per fully diluted share. This growth translates to a gain of 539.5 BTC and a corresponding profit of approximately €49.7 million as of 2025. On a quarter-to-date basis, the firm added 101.8 BTC and booked €9.4 million in euro-denominated gains.
The company also updated its shareholder structure to reflect both the capital raise and bond conversions, showing an expanded distribution among executives, institutional investors like TOBAM, Adam Back, and public shareholders on both current and fully diluted terms.
This follows a prior announcement in which the company disclosed the acquisition of 182 BTC for €17 million, increasing its then-total holdings to 1,653 BTC at an average purchase cost of €90,081 per Bitcoin. That strategic purchase laid the groundwork for the current expansion, demonstrating the firm’s consistent, long-term Bitcoin accumulation strategy.
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