Paris-based Blockchain Group has acquired $68.7 million worth of Bitcoin, bringing their total holdings to 1,471 BTC worth over $154 million.
Institutional adoption of Bitcoin is increasing in Europe, with companies like Blockchain Group leading the way in using Bitcoin as a long-term treasury asset.
The company's strategic Bitcoin purchase aligns with the growing trend of institutional interest in Bitcoin, following the approval of spot Bitcoin ETFs in the U.S.
Other European players like BNP Paribas and VanEck Europe are also exploring similar strategies, reflecting the broader institutional momentum towards using Bitcoin as a strategic asset.