Blockchain Group Secures €10B for Bitcoin Treasury Strategy, Signaling Strong Institutional Confidence

In a groundbreaking move, The Blockchain Group has received overwhelming shareholder approval to raise over €10 billion ($11 billion) for an aggressive Bitcoin acquisition strategy, with 95% investor backing. This decision solidifies the firm's position as Europe's most ambitious corporate crypto treasury player. The initiative includes a €300 million share sale in partnership with TOBAM, potentially granting the asset manager up to 39% equity. With the company already holding 1,471 BTC (valued at approximately $1 billion as of June 2025), this massive capital infusion signals strong institutional confidence in Bitcoin's long-term value proposition. The move comes amid growing adoption of cryptocurrency treasury strategies by major corporations worldwide, further legitimizing Bitcoin as a core reserve asset class. Analysts suggest this could trigger a new wave of institutional investment into Bitcoin, potentially driving prices to new highs in the coming years as supply becomes increasingly scarce.

Blockchain Group Wins Approval to Raise €10B for Bitcoin Treasury Strategy

The Blockchain Group has secured shareholder approval to raise over €10 billion ($11 billion) for aggressive Bitcoin acquisitions, with 95% backing from investors. This landmark decision positions the firm as Europe's most ambitious corporate crypto treasury player.

A €300 million share sale launched in partnership with TOBAM could grant the asset manager up to 39% equity. The company already holds 1,471 BTC (~$160M) and aims to transform into a dedicated 'Bitcoin Treasury Company' with hard-asset reserves.

The authorization allows flexible capital raising through various financial instruments, including ordinary shares. This move signals growing institutional confidence in bitcoin as a treasury asset, following similar strategies by MicroStrategy and Tesla.

MicroStrategy's Aggressive Bitcoin Accumulation Raises Long-Term Institutional Concerns

MicroStrategy's relentless Bitcoin acquisitions are approaching a tipping point, with its 3% ownership of the total supply now deemed "problematic" by Sygnum Bank. The Swiss digital asset specialist warns such concentration threatens BTC's viability as a reserve asset—particularly for central banks—despite fueling recent demand surges.

The corporate buyer added another 1,045 BTC ($110 million) this week, amassing 582,000 coins worth approximately $56 billion at current prices. While these purchases have delivered 56% unrealized gains and tightened liquid supply, Sygnum cautions that reaching 5% dominance could destabilize Bitcoin's volatility profile just as institutional adoption gains momentum.

"Large, concentrated holdings contradict the decentralized ethos underpinning Bitcoin's value proposition," analysts noted. The very scarcity that makes BTC attractive as digital Gold becomes a liability when too much supply rests in single entities—a paradox now playing out in real-time.

Bitcoin Price Rally Faces Crosscurrents as Analysts Debate Next Move

Bitcoin's surge past $110,000 has split market observers between bulls anticipating new all-time highs and skeptics warning of a potential bull trap. Matrixport's Markus Thielen maintains a constructive outlook, citing BTC's breakout from a consolidation triangle and sustained trading above the $105,075 support level as technically bullish signals.

The rally coincides with renewed spot ETF inflows and positive cumulative volume delta readings, though options traders remain divided on the sustainability of gains. Veteran trader Peter Brandt injected caution by noting historical precedent for 75% corrections during similar market structures.

Market momentum paused NEAR $110,000 as traders digested ambiguous US-China trade talk outcomes, with attention now turning to upcoming US inflation data. The CPI and PPI prints could determine whether institutional flows sustain the rally or confirm Brandt's correction warning.

UK's The Smarter Web Company Expands Bitcoin Holdings with $4.7M Purchase Amid Market Greed

The Smarter Web Company has aggressively increased its Bitcoin treasury, acquiring 45.32 BTC at $104,935 per coin despite the Fear & Greed Index hitting 71. This $4.73 million purchase brings their total holdings to 168.08 BTC—a 55% increase from previous allocations.

Since April, the firm has executed a deliberate accumulation strategy under "The 10 Year Plan," committing $17.7 million at an average $105,779 per Bitcoin. The company now integrates BTC payments and balance sheet holdings, mirroring corporate adoption trends among forward-thinking enterprises.

Market observers note the timing coincides with Bitcoin's consolidation near all-time highs. The MOVE signals confidence in BTC's long-term value proposition as a foundational digital asset, even during periods of elevated market sentiment.

Bank of Korea Governor to Meet Bank Chiefs as Stablecoin Debate Heats Up

Bank of Korea Governor Rhee Chang-yong will convene with leaders of major commercial banks on June 23 in Seoul, as political pressure mounts to authorize won-pegged stablecoins. The meeting, set at the central bank's headquarters, underscores South Korea's intensifying regulatory discourse on digital assets.

Stablecoins have surged to the forefront of policy discussions following legislative proposals by Democratic Party lawmaker Min Byung-deok. His "Basic Digital Asset Act" seeks to lower capital barriers for issuers and legitimize KRW-backed stablecoins—a move that could empower fintech firms.

The political landscape shifted decisively with President Lee Jae-myung's recent election. A vocal crypto proponent, Lee has committed to legalizing Bitcoin ETFs and establishing a regulated stablecoin framework to stem capital flight. "This isn't just about innovation—it's about sovereignty," remarked a Seoul-based economist, noting the global race for stablecoin dominance.

California’s Dormant Crypto Law: Is Your Digital Fortune at Risk?

California's Assembly Bill 1052 (AB 1052) is stirring unease among cryptocurrency holders. The legislation targets dormant digital assets held in custodial accounts, such as those on Coinbase or Kraken, classifying them as unclaimed property after three years of inactivity. While the state pledges to hold these assets in-kind—Bitcoin remains Bitcoin—the burden of proving ownership falls squarely on investors.

Long-term holders face a new LAYER of administrative risk. Passive strategies like HODLing or riding out bear markets may no longer suffice. The law demands periodic account activity to demonstrate "ownership interest," a vague standard that could ensnare unwary investors. For those who fail to comply, the specter of asset forfeiture looms—a quiet but potent threat to decentralized finance ideals.