Blockchain Group Increases Bitcoin Holdings with $68.7M Buy

Blockchain Group, a cryptocurrency company based in Paris, has bought more Bitcoin (BTC). Recently, the firm announced that it had purchased 624 BTC, spending $68.7 million, equivalent to 60.2 million euros. This move is part of the company’s expanding strategy to hold Bitcoin as a key treasury asset . Blockchain Group joins a growing list of companies using the flagship crypto to strengthen their balance sheets. Blockchain Group Fund BTC Buy With Share Sales The Paris-based crypto exchange revealed that it used a convertible bond sale, finalized on May 26, to fund its latest Bitcoin purchase. The sale brought in €55.3 million from Fulgur Ventures. The company used all this process from this sale to buy 544 BTC. In a statement, Blockchain Group said it is the first European company to focus on holding Bitcoin as a treasury asset and plans to keep the digital coin for the long term. Meanwhile, many businesses are doing the same to protect their money and benefit from Bitcoin’s growth. This latest investment brings the firm’s total Bitcoin holdings to 1,471 BTC. The firm’s Bitcoin investments have returned 1,097.6% year-to-date and 47.9% in the current quarter. Institutions Are Going All In on Bitcoin Blockchain Group is not alone. Around the world, more organizations are adding Bitcoin to their reserves , now viewing it as a safe-haven asset. Metaplanet, a Japanese-based tech firm, recently bought 1,088 BTC, pushing its total Bitcoin stash to 8,888 BTC. With that, Metaplanet now ranks among the top 10 global corporate Bitcoin holders, surpassing Block Inc. Metaplanet has earned significant returns from its Bitcoin plan. The company said it gained 225% this year and 66.3% in the last quarter. Its strong approach, including a recent deal to raise $50 million with zero-interest bonds bought by Evo Fund, is working well. The company’s stock price has jumped 155% in the last month, showing market confidence in its Bitcoin-heavy approach. Coinbase Offers Bitcoin Yields To Institutional Investors In the U.S., Coinbase makes it easier for institutions to earn from their Bitcoin holdings. The company has launched a Bitcoin Yield Fund designed to offer annual returns of 4% to 8%. This fund gives large investors a safer way to benefit from Bitcoin, without needing to sell it. Coinbase’s move reflects a shift in the market. More institutional players want stable, crypto-based income options. Coinbase aims to meet this rising demand by focusing on low-risk, steady returns. Bitcoin is becoming a central part of corporate finance. Firms like Blockchain Group, Metaplanet, and Coinbase are showing how Bitcoin can be more than just a speculative asset. It can also serve as a strong, long-term store of value. As more companies follow suit, the role of Bitcoin in the global economy continues to grow. The post Blockchain Group Increases Bitcoin Holdings with $68.7M Buy appeared first on TheCoinrise.com .

Source: The Coin Rise