Market Times:

London:

New York:

Singapore:


News

The Blockchain Group Raises $72M in Bonds to Buy More Bitcoin

The French firm holds 847 BTC after adding 580 BTC in its largest single acquisition in March.

Avatar image of Jonathan Agozie Jonathan Agozie•May 27, 2025
The Blockchain Group Bitcoin BTC

The Blockchain Group, a Paris-listed firm focused on Bitcoin treasury and blockchain development, has raised $72 million (€63.3 million) through convertible bond sales to support further Bitcoin purchases.

The company said on Monday that it plans to use 95% of the funds to acquire around 590 Bitcoins, aiming to grow its total holdings to over 1,400 BTC. The remaining 5% will go toward operational needs and management costs.

The Blockchain Group Boosts BTC Holdings

According to Bitcoin Treasuries, the French firm holds 847 BTC. In March, it made its largest single acquisition by adding 580 BTC to its reserves. The new bond issuances are part of its ongoing effort to expand its Bitcoin position.

Since launching its Bitcoin strategy in November 2024, the company has seen a sharp rise in its share price. Euronext data shows its stock has more than doubled. Despite a 5.5% drop on May 27, shares (ALTBG) have gained 766% this year and surged over 1,350% since the firm first added Bitcoin to its balance sheet.

In its 2024 earnings report, The Blockchain Group disclosed a 709% return from its Bitcoin holdings. The company has set a long-term target of owning 1% of Bitcoin’s total supply, approximately 170,000 BTC, by 2032. It also aims to steadily increase its Bitcoin-per-share ratio over time.

While maintaining its focus on Bitcoin, the company says it will continue to develop its blockchain, AI, and data intelligence subsidiaries.

Public Companies Scale Up BTC Strategies

The Blockchain Group is one of several publicly listed firms pursuing a Bitcoin accumulation model. Others include Strategy, which holds 580,250 BTC worth around $63 billion, as well as Metaplanet and GameStop.

More companies have recently joined this trend. DDC Enterprise, based in Hong Kong, bought 21 BTC last week and aims to reach 5,000 BTC over time. Meanwhile, Sweden’s H100 Group raised $2.2 million through convertible loans to launch its Bitcoin treasury program.

Jonathan Agozie

Jonathan Agozie is a writer dedicated to delivering clear, well-researched, and technically accurate content on blockchain, cryptocurrency, and Web3 technologies. With a strong background in these fields, he simplifies complex topics for a broad audience, ensuring clarity without compromising depth.