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.