The Blockchain Group (Euronext Paris: ALTBG) has announced the acquisition of 60 bitcoin for approximately €5.5 million (about $6.5 million), bringing its total holdings to 1,788 BTC, valued at around €161.3 million ($189.5 million).
The Blockchain Group Confirms Acquisition of 60 BTC, Total Holdings Reach 1,788 BTC
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The company reported a year-to-date bitcoin yield of 1,270.7%, with a BTC gain of 508.3 BTC and a corresponding € gain of about €46.7 million ($54.8 million). The announcement includes the final completion of subscriptions by Adam Back and TOBAM for new ordinary shares, enabling the acquisition of additional bitcoin. Specifically, Back subscribed to 2,126,565 shares at €0.544 each for a total of approximately €1.16 million ($1.37 million), while TOBAM subscribed to 262,605 shares for about €0.14 million ($0.16 million). Additionally, the company completed a capital increase under its “ATM-type” program, allowing for the acquisition of 41 BTC for approximately €3.8 million ($4.5 million). The Blockchain Group continues to position itself as a leader in bitcoin treasury management within the European market.
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WRITTEN BYBitcoin.com News DeskEditorial Desk Reporter
The Bitcoin.com News Desk publishes timely reporting on market developments, protocol updates, regulatory changes, and industry announcements across the cryptocurrency sector.
