The Blockchain Group secured €63.3M to expand its Bitcoin holdings as part of its treasury strategy.
The company plans to purchase an additional 590 BTC, increasing its total holdings above 1,400 BTC, following a successful March acquisition.
Investors are showing confidence in the company's Bitcoin-centric strategy, with a share price increase of over 100% since implementing the BTC accumulation plan.
While focusing on Bitcoin, The Blockchain Group aims to grow its subsidiary operational activities, combining Bitcoin as a store of value with broader business development.