The Blockchain Group boosts BTC reserves to over $170M after fresh bond funding

Paris-listed technology firm The Blockchain Group has increased its Bitcoin holdings by acquiring an additional 182 BTC for approximately $19.6 million, bringing its total reserves to 1,653 BTC. At current market prices, the company’s Bitcoin stash is valued at over $170 million. The latest purchase, completed on 17 June, follows a wider trend of public firms using their balance sheets to hold digital assets. This move solidifies The Blockchain Group’s status as Europe’s first Bitcoin treasury company. The acquisition was funded through a series of convertible bond issuances completed earlier this month, raising nearly €18 million ($20.7 million) . The company confirmed in an announcement that several institutional investors, including UTXO Management, Moonlight Capital, TOBAM, and Ludovic Chechin-Laurans, participated in the financing round, each contributing to different parts of the bond issuance. Bond issuance and custody are handled by key institutions The execution of the Bitcoin purchases was carried out by Banque Delubac & Cie and Swissquote Bank Europe SA. Custody of the newly acquired assets is managed by Taurus, a Switzerland-based infrastructure provider for digital assets. The use of these institutions underscores the company’s intent to combine traditional financial mechanisms with digital asset strategies. In parallel, The Blockchain Group is actively pursuing larger ambitions to expand its crypto treasury. Earlier in June, it announced plans to raise up to €300 million ($342 million) through an “At the Market” (ATM) offering. The shares will be sold in tranches at market-driven prices, based either on the previous day’s close or the volume-weighted average price, with a cap at 21% of the stock’s daily trading volume. Bitcoin performance boosts treasury yield in 2025 The firm’s investment in Bitcoin has resulted in a reported year-to-date yield of 1,173.2% in 2025. This reflects a sharp increase in the ratio of Bitcoin held to the company’s fully diluted share count. Since January, The Blockchain Group has acquired 469 BTC and registered over $49.4 million in Bitcoin value gains. Its average acquisition price across all holdings is currently about $103,000 per BTC, below the market rate. With plans underway to acquire an additional 70 BTC, the company’s holdings could soon reach 1,723 BTC. Shares of The Blockchain Group, which trades under the ticker ALTBG on Euronext Growth Paris, fell 0.70% at the last close, according to Google Finance . Firms rush to add Bitcoin as caution grows The Blockchain Group is part of a broader wave of firms increasing their Bitcoin exposure. According to BitcoinTreasuries.NET, at least 26 entities have added Bitcoin to their balance sheets over the past month alone. This sharp increase in adoption has prompted both optimism and concern within the financial sector. While some firms are seen as making strategic treasury decisions, others may be using Bitcoin as a fallback amid deteriorating fundamentals. Industry watchers, including Fakhul Miah from GoMining Institutional, caution that smaller firms copying this playbook may lack sufficient risk management frameworks. Adding to the warnings, Standard Chartered Bank has issued a note predicting that up to half of these companies could face significant challenges if Bitcoin’s price drops below $90,000. A slide beneath that level could trigger widespread liquidations, damaging not only individual firms but also Bitcoin’s broader perception as a corporate treasury asset. The post The Blockchain Group boosts BTC reserves to over $170M after fresh bond funding appeared first on Invezz

Source: Invezz