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Blockchain Group Buys 624 Bitcoin For $68.6M, Aiming To Join Top Institutional Holders

  • Blockchain Group purchased 624 BTC for $68.6 million, increasing total holdings to 1,437 BTC valued at around $150 million.
  • The company has been gradually buying Bitcoin since late 2024 and has shown a growing interest in making Bitcoin a core asset.
  • Most recent Bitcoin purchase funded by a $63 million convertible bond and a capital raise of almost $10 million, indicating a strategy to scale up Bitcoin holdings quickly.
  • Blockchain Group partnered with Banque Delubac & Cie and Swissquote Bank Europe for secure custody of coins, focusing on acquiring more Bitcoin while ensuring asset security.

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