Blockchain Group Buys 624 BTC in $65M Push Toward Institutional Dominance
French-listed firm boosts total holdings to 1,471 BTC as part of a long-term crypto treasury strategy.
Blockchain Group, a publicly traded tech company listed in Paris, has significantly accelerated its Bitcoin acquisition strategy with a major $65 million investment, adding 624 BTC to its reserves. The purchase, announced on June 3, lifts the firm’s total Bitcoin holdings to 1,471 BTC, now worth approximately $155 million—a bold move that signals the company’s rising ambitions to become a heavyweight institutional Bitcoin holder.
Largest Purchase to Date Marks Strategic Shift
The latest acquisition is Blockchain Group’s largest single-day Bitcoin purchase, reflecting a more aggressive turn in its treasury strategy. The company previously entered the Bitcoin market cautiously, starting with 15 BTC in November 2024 for $1.08 million and 25 BTC the following month. However, its posture shifted in early 2025, leading to more substantial acquisitions.
Recent milestones include:
- 580 BTC purchased on March 26
- 227 BTC added on May 22
- And now, 624 BTC on June 3
Each round has steadily increased the firm’s average cost basis, indicating a deliberate scaling approach to Bitcoin investment rather than speculative timing.
Financing Through Convertible Bonds and Capital Raise
To fund the latest purchase, Blockchain Group employed a multi-layered financing strategy:
- $63 million in convertible bonds were issued to crypto investment firm Fulgur Ventures, funding the acquisition of 544 BTC.
- An additional 80 BTC were secured using proceeds from a $9.8 million capital raise finalized in late May.
These moves are aligned with the company’s broader financial goals: maintaining liquidity while deepening exposure to Bitcoin as a core treasury asset.
The Bitcoin was acquired through Banque Delubac & Cie and Swissquote Bank Europe, with custody provided by Taurus, a Swiss firm specializing in digital asset infrastructure.
Unrealized Gains Reflect Bitcoin’s Rising Value
As of May 31, Blockchain Group reported unrealized gains of $47.88 million on its Bitcoin holdings, highlighting the financial upside of its crypto strategy amid a bullish market trend.
While the firm did not disclose the exact average acquisition cost of its BTC portfolio, the realized appreciation points to well-timed entries and growing confidence in Bitcoin’s long-term value.
Increasing Bitcoin Per Share as a Treasury Goal
Blockchain Group’s strategy is not just about amassing digital assets—it’s also about increasing Bitcoin per share for its investors. Through targeted capital raises and systematic acquisitions, the firm is pursuing a unique metric of shareholder value tied directly to its BTC reserves.
The company stated that this Bitcoin-per-share growth metric is central to its evolving treasury model and sets it apart from other public firms dipping into crypto. Its long-term commitment echoes moves made by other institutional adopters.
Institutional Adoption Gains Momentum
Blockchain Group joins a growing cohort of publicly listed companies allocating capital into Bitcoin as part of their treasury diversification efforts. Over the past weeks alone:
- MicroStrategy, led by Bitcoin advocate Michael Saylor, added 705 BTC
- Japanese investment firm Metaplanet expanded its holdings with 1,088 BTC
- Video game retailer GameStop made headlines by acquiring a staggering 4,710 BTC
This rising institutional interest is seen as a validation of Bitcoin’s role as a treasury reserve asset, especially in a macroeconomic climate marked by inflation concerns and fiat currency volatility.
Blockchain Group’s expanding BTC portfolio not only positions it as a notable player in the European crypto investment space but also reflects a larger, global pivot toward decentralized digital assets for corporate balance sheets.
A Long-Term Play in a Rapidly Maturing Market
The company’s Bitcoin acquisition journey—from modest beginnings to institutional-scale purchases—illustrates the evolving mindset among corporates. Blockchain Group is not merely hedging against macro risks; it’s actively redefining what modern treasury management looks like in the digital age.
As the firm continues to scale up its Bitcoin holdings and refine its capital strategies, it is increasingly being viewed as a benchmark for European institutional adoption of crypto. Its forward-thinking model may pave the way for other mid-sized firms looking to enter the space with structure and strategy.
In a market where timing, custody, and capital efficiency are paramount, Blockchain Group appears determined to solidify its place among the frontrunners of institutional Bitcoin adoption.
