The Blockchain Group Adds 60 Bitcoin and Brings Total to 1,788 Amid Strong Capital Backing

The Blockchain Group, a company listed on Euronext Growth Paris, has acquired an additional 60 Bitcoin, increasing its total holdings to 1,788 Bitcoin. 

The acquisition, valued at approximately €5.5 million, brings the estimated value of the company's Bitcoin portfolio to around €161.3 million.

The purchase was financed through multiple capital-raising measures. These included a subscription by Blockstream CEO Adam Back, who acquired 2.1 million shares at €0.544 each, contributing about €1.16 million. 

French asset manager TOBAM also took part, subscribing to 262,605 shares for approximately €0.14 million as part of adjustments related to convertible note agreements.

Additional funding was secured by converting over 1.1 million BSA 2025-01 warrants into equity, raising €0.6 million. 

Separately, the company raised €4.1 million through its “ATM-type” program in collaboration with TOBAM.

These activities followed a shareholder vote approving an increase in the company's fundraising capacity to €500 million in nominal value. The resolution passed with more than 95% of votes.

The Blockchain Group reported a year-to-date Bitcoin yield of approximately 1,270.7%, reflecting a net gain of over 500 Bitcoin, valued at about €46.7 million. 

According to the company, its average acquisition price across all holdings stands at roughly €90,213 per Bitcoin.

The firm began acquiring Bitcoin in November 2023 and reported a 709% return on its Bitcoin holdings for the full year 2024. The reported year-to-date performance in 2025 surpasses that prior figure.

The company has stated that it aims to accumulate up to 170,000 Bitcoin by 2032. Its stated objective is to gradually increase the amount of Bitcoin held per fully diluted share.

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