The Blockchain Group, a pioneering French technology firm listed on Euronext Growth Paris, has significantly increased its Bitcoin treasury following the acquisition of 624 BTC through a strategic combination of equity financing and convertible bonds. The purchase, valued at approximately €60.2 million ($69 million), underscores a rising trend among European companies toward diversifying treasury reserves with digital assets.
According to information released by the company on June 3, the latest acquisition was split into two distinct transactions. The first tranche involved the purchase of 80 BTC for €7.7 million through a capital raise. The remaining 544 BTC were secured via a €52.5 million issuance of convertible bonds, with Fulgur Ventures acting as the primary subscriber. This dual-structured investment approach not only expands the company’s digital asset base but also reflects its intent to strategically leverage both equity and debt instruments to strengthen its position in the crypto market.
Massive Year-to-Date Bitcoin Yield Achieved
With the latest purchase, The Blockchain Group now holds a total of 1,471 BTC, reportedly acquired at an average cost of €89,687 ($103,000) per Bitcoin. The firm disclosed a year-to-date BTC Yield of 1,097.6%, a metric that evaluates the increase in Bitcoin holdings relative to its fully diluted shares. This figure points to substantial growth in crypto assets held per share, suggesting a highly efficient capital deployment strategy centered around Bitcoin.
The Group also announced that the transactions were facilitated by Banque Delubac & Cie and Swissquote Bank Europe SA, while digital asset custody is being handled by Taurus, a Swiss financial infrastructure provider. These institutions have been instrumental in ensuring the secure execution and storage of the company’s growing cryptocurrency portfolio.
Future Acquisitions and Institutional Participation
In addition to the current holdings, the company has shared intentions to further expand its Bitcoin treasury. Plans are underway to acquire another 60 BTC through additional convertible bond deals involving UTXO Management and Moonlight Capital. These future acquisitions will likely follow the same structural pattern, reinforcing the firm’s long-term commitment to building a robust crypto treasury.
JUST IN: 🇫🇷 Publicly traded The Blockchain Group buys 624 #Bitcoin for €60.2 million.
Nothing stops this train 🙌 pic.twitter.com/Jvfvd13zsn
— Bitcoin Magazine (@BitcoinMagazine) June 3, 2025
To fund the latest Bitcoin accumulation, The Blockchain Group completed a capital raise of €8.6 million. Key investors participating in this round included TOBAM Bitcoin Treasury Opportunities Fund and Quadrille Capital. Furthermore, Fulgur Ventures provided €55.3 million via convertible bonds, reinforcing the institutional interest in the company’s crypto-forward financial strategy.
Driving the Corporate Bitcoin Adoption Trend
The Blockchain Group also highlighted impressive year-to-date performance figures. It reported a BTC Gain of 439 BTC and a Bitcoin-denominated euro gain of roughly €42.3 million. These results reflect not only effective treasury management but also the wider trend of corporate adoption of Bitcoin across Europe. With financial markets increasingly exploring digital assets as viable long-term holdings, companies like The Blockchain Group appear to be leading the transition.
Positioning itself as Europe’s first Bitcoin Treasury Company, The Blockchain Group is actively redefining how corporations manage digital assets. Through innovative capital structuring, strategic partnerships, and a clear focus on Bitcoin accumulation, the company is setting a precedent for how traditional businesses can engage with the decentralized economy.
