The France -based Blockchain Group group has strengthened its position among international bitcoin holders by buying 580 BTC at a value of $ 50.64 million.
the acquisition It brings the total company Bitcoin Property to 620 BTC, which is in line with its long -term strategy of assembling and keeping it permanently as a backup asset.
Liser in Euronext Paris, Blockchain group continued the Bitcoin accumulation strategy that started in November 2024, and got BTC to improve its cash reserves.
The latest purchase, funded by Blockchain Group Luxembourg SA through Blockchain Group SA, was funded, using revenues from the release of convertible bonds announced in early March.
The strategy of the company’s accumulation is driven by “unique features of bitcoin: scarcity, security, and unparalleled decentralization,” as mentioned in that Website.
At the time of advertising, Bitcoin price It reached 87,311 dollars, raising the total value of the collection of the group to about $ 54 million.
The initial purchases of the company coincided with pivotal events such as the US presidential election and the Bitcoin rise about $ 100,000, giving the company strong entry into the market.
The Blockchain group, which is traded under Tecker Altbg, has witnessed its shares an increase of $ 0.16 per share on November 5 to $ 0.51 on Wednesday, according to Google Financing DataOn the occasion of an increase of 220 % since it began to accumulate Bitcoin.
To track the performance of the Bitcoin Treasury strategy, the Blockchain group provided major performance indicators (KPIS) including BTC Livel, BTC Gain and BTC €.
These scales measure the percentage of change in the total Bitcoin -to -existing shares, providing transparency in the growth of the company’s bitcoin assets.
As of the latest report, the company has achieved BTC’s return by 709.8 % on an annual basis (YTD), noting the success of the Bitcoin acquisition.
The latest acquisition of the French company puts it between Top 30 Bitcoin holders for companies worldwide, a list dominated by Michael Sailor strategy, which ends 500000 BTC.
The Blockchain group work is in line with a wider direction for companies that adopt BTC as part of its financial strategies.
Gamestop Corp. , For example, recently Declare It plans to raise $ 1.3 billion to buy BTC, following a similar road to the strategy, previously known as MicrostrategyA company known for large -scale BTC property.
The Japanese investment company Metaplanet is another major company that actively increases Bitcoin’s bodies after the strategic Playbook book, recently Adding 150 BTC The total of 3350 BTC, at a value of approximately $ 291 million.
Edit Stacy Elliot.
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