Blockchain Group Doubles Down—Now Holds $150M in Bitcoin

Crypto whales are making moves again. A major blockchain consortium just upped its BTC stash to a jaw-dropping $150 million—because apparently, traditional finance wasn’t volatile enough.

Why the mega-bet? While Wall Street hedges with gold ETFs, these players are betting the farm on Satoshi’s creation. No half-measures here—just cold, hard (digital) conviction.

One thing’s clear: in a world where banks pay 0.01% interest, going all-in on crypto starts to look… almost rational.

TLDR

• Blockchain Group purchased 624 Bitcoin for $68.6 million, bringing total holdings to 1,437 BTC worth $150 million
• The purchase was funded through a $63 million convertible bond from Fulgur Ventures and $10 million capital raise
• Company has been steadily buying Bitcoin since November 2024, starting with 15 BTC and making increasingly larger purchases
• Blockchain Group claims to be Europe’s first Bitcoin treasury firm, joining growing institutional trend
• Bitcoin custody is handled through partnerships with Banque Delubac & Cie, Swissquote Bank Europe, and Swiss firm Taurus

Blockchain Group has completed its largest Bitcoin purchase to date, acquiring 624 BTC for $68.6 million on Tuesday. The Paris-listed cryptocurrency firm now holds 1,437 Bitcoin worth approximately $150 million at current prices.

🟠 The Blockchain Group confirms the acquisition of 624 BTC for ~€60.2 million, the holding of a total of 1,471 BTC, and a BTC Yield of 1,097.6% YTD ⚡️

Full Press Release (EN): https://t.co/iZUEbRaDTZ
Full Press Release (FR): https://t.co/IgTddli8Hu
BTC Strategy (EN):… pic.twitter.com/0bQ9zaSRN3

— The Blockchain Group (@_ALTBG) June 3, 2025

The company claims to be Europe’s first Bitcoin treasury firm. This latest acquisition represents their biggest single purchase since beginning their accumulation strategy in late 2024.

The French firm has been building its bitcoin position through a series of strategic purchases. Their journey began modestly in November 2024 with the acquisition of 15 BTC for $1.1 million.

December saw another small purchase of 25 BTC. The company then accelerated its buying strategy in 2025 with larger transactions.

On March 26, Blockchain Group purchased 580 Bitcoin. They followed this with another acquisition of 227 BTC on May 22.

Tuesday’s purchase of 624 Bitcoin represents their most aggressive MOVE yet. The steady progression shows the company’s growing confidence in Bitcoin as a treasury asset.

Funding Strategy

The majority of Tuesday’s Bitcoin purchase was financed through a $63 million convertible bond issued to Fulgur Ventures. This bond structure allows Blockchain Group to potentially convert the debt into equity shares if bondholders choose to exercise that option.

The remaining 80 BTC was funded through a capital raise completed in late May. This $10 million fundraising was specifically designated for cryptocurrency acquisitions.

The dual funding approach shows the company’s preference for external financing over using existing cash reserves. This strategy allows them to preserve operational capital while expanding their Bitcoin holdings.

The convertible bond structure provides flexibility for both the company and investors. However, it also introduces the potential for share dilution if bondholders convert their debt to equity.

Custody and Security

Blockchain Group partnered with established financial institutions to execute and secure their Bitcoin purchase. Banque Delubac & Cie and Swissquote Bank Europe handled the transaction execution.

Both banks worked with Swiss firm Taurus to provide secure custody services for the digital assets. This institutional custody approach removes the technical burden of private key management from Blockchain Group.

The company views professional custody as essential for protecting their Bitcoin holdings. These partnerships allow them to focus on acquisition strategy rather than security infrastructure.

Financial Performance

At current Bitcoin prices around $106,125, Blockchain Group’s 1,437 BTC holdings are valued at approximately $150 million. The company reported unrealized gains of nearly $48 million as of May 31.

The firm’s Bitcoin yield stands at 1,097.6% year-to-date according to their recent announcements. This performance reflects both their accumulation strategy and Bitcoin’s price appreciation.

However, Bitcoin’s price volatility presents both opportunities and risks. Sharp price declines could quickly eliminate paper gains from their holdings.

The company has stated plans to increase their “Bitcoin per share” metric through additional targeted capital raises. These funds WOULD be specifically earmarked for further cryptocurrency acquisitions.

The strategy represents a significant bet on Bitcoin’s long-term price trajectory. If Bitcoin continues climbing, these purchases could prove highly profitable for shareholders.

Blockchain Group’s approach reflects growing institutional interest in Bitcoin treasury strategies across Europe and globally.