The Blockchain Group Expands Bitcoin Reserves and Financial Backbone
Finance/Markets

The Blockchain Group Expands Bitcoin Reserves and Financial Backbone

Europe's pioneering bitcoin treasury firm reveals significant BTC growth and new shares fetching substantial subscriptions.

Overview

The Blockchain Group (ALTBG) has made significant advancements in its bitcoin treasury and financial structure.

  • Bitcoin holdings now reach 1,788 BTC valued at approximately €161.3 million ($189 million), reflecting an impressive 1,270.7% yield this year.
  • Recent share subscriptions by Adam Back and TOBAM are intended to fund further bitcoin acquisitions and capitalize on enhanced structures.

Key Transactions

  • The Paris-based firm procured 60 BTC for around €5.5 million ($6.5 million), raising its total holdings to 1,788 BTC at an average price of €90,213 each.
  • Noteworthy investments include Adam Back acquiring over 2.1 million new shares valued at approximately €1.16 million and TOBAM securing about 262,605 shares for just under €143,000 to fund purchases of 13 BTC.

Financial Performance

With a year-to-date yield of 1,270%, The Blockchain Group has recorded gains of roughly 508.3 BTC, equating to approximately €46.7 million.

Related Links

For additional insights, read more about The Blockchain Group’s ATM Share Sale.

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