French tech agency completes acquisition of 624 BTC via €60.2 million capital increase and bond issuance. The corporate stories 1,097.6% BTC Yield year-to-date as European firms to speed up Bitcoin treasury adoption.
The Blockchain Group, Europe’s first Bitcoin Treasury Firm, has acquired 624 Bitcoin for roughly €60.2 million ($69 million), marking a big enlargement of its Bitcoin holdings via a mix of fairness gross sales and convertible bonds.
Based on a press launch issued June 3, the Euronext Development Paris-listed firm accomplished the acquisition in two tranches: 80 BTC acquired for €7.7 million via a capital improve, and 544 BTC for €52.5 million by way of convertible bonds subscribed by Fulgur Ventures.
The acquisitions deliver the corporate’s complete Bitcoin holdings to 1,471 BTC, bought at a mean worth of €89,687 ($103,000) per coin. The Group has achieved a “BTC Yield” – measuring the change in Bitcoin holdings relative to completely diluted shares – of 1,097.6% year-to-date.
The acquisition was executed via Banque Delubac & Cie and Swissquote Financial institution Europe SA, with custody offered by Swiss infrastructure agency Taurus. The corporate indicated plans to accumulate an extra 60 BTC via ongoing convertible bond issuances from UTXO Administration and Moonlight Capital.
The Group’s newest acquisition was funded via a €8.6 million capital improve, with participation from traders together with TOBAM Bitcoin Treasury Alternatives Fund and Quadrille Capital, alongside a €55.3 million convertible bond issuance to Fulgur Ventures.
The corporate reported a BTC Acquire of 439 BTC year-to-date and a BTC € Acquire of roughly €42.3 million, highlighting the rising pattern of European firms diversifying treasury belongings into Bitcoin.
At press time, Bitcoin trades at €92,349 ($105,260), as institutional adoption continues to reshape company treasury administration throughout Europe and globally.
