
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.