French Finance Giant Goes All-In on Bitcoin—Aims to Gobble Up 1% of Total Supply
Move over, gold—Bitcoin’s got a new mega-fan. A major French firm just placed a billion-euro bet on crypto’s flagship asset, with plans to hoard a full 1% of all BTC ever mined. Talk about conviction.
Why the frenzy? The company’s CEO cited ’generational wealth preservation’—or maybe they just enjoy watching traditional bankers squirm. Either way, this isn’t dip-buying—it’s a full-scale siege on the digital scarcity narrative.
Funny how these institutional ’risk managers’ suddenly turn into diamond-handed crypto bros when FOMO kicks in. Just don’t ask what happens if the SEC starts poking around those cold storage wallets.
Circle Dismisses Acquisition Rumors, Reaffirms IPO Focus
Listed on Euronext Paris under ticker ALTBG, Blockchain Group has seen a dramatic stock performance, surging over 766% this year. Since announcing its bitcoin strategy in late 2023, its share price has skyrocketed from €0.48 to €2.77, despite a recent dip.
The company’s latest earnings reveal a 32% year-over-year revenue decline, but its Bitcoin portfolio has delivered a reported yield of over 700%. Looking ahead, Blockchain Group aims to accumulate 1% of Bitcoin’s total supply—more than 170,000 BTC—by 2032 as part of its long-term treasury strategy.
