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The Blockchain Group Adds 182 BTC to Reserves, Now Holds 1,653 BTC

  • The Blockchain Group added 182 BTC to its reserves, bringing its total holdings to 1,653 BTC valued at €148.9 million.
  • The Bitcoin purchase was funded through convertible bond issuances from various sources like UTXO Management, Moonlight Capital, Ludovic Chechin-Laurans, TOBAM, and equity conversions.
  • The company reported impressive BTC yields of 1,173.2% YTD and 57.2% QTD, with gains of +469.3 BTC YTD, +354.8 BTC QTD, €43.8 million YTD, and €33.1 million QTD.
  • The average acquisition cost for the Bitcoin holdings was €90,081 per BTC.
  • The Blockchain Group's move reflects the increasing trend of European corporates adopting Bitcoin in their treasury strategies to rival U.S. firms like MicroStrategy.
  • Corporate Bitcoin accumulation signals long-term institutional confidence in the asset amid market volatility.

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