The Blockchain Group, a France-based tech consulting firm, has announced the successful completion of convertible bond issuances worth €63.3 million ($72 million) to fund further Bitcoin (BTC) accumulation, signaling a deepening commitment to its Bitcoin treasury strategy.
In a statement released Monday, the company said the capital will be used to purchase approximately 590 additional BTC, aiming to raise its total Bitcoin holdings to over 1,400 BTC.
Bitcoin Strategy Pays Off
The move follows a March purchase of 580 BTC, the firm’s largest single acquisition to date. Since adopting its Bitcoin accumulation strategy, The Blockchain Group’s stock price has more than doubled, according to data from Euronext.
“While we pursue our Bitcoin accumulation strategy, we will continue to develop the operational activities of our subsidiaries,” the company noted.
Joining the Corporate Bitcoin Race
The Blockchain Group joins a growing list of companies actively increasing Bitcoin holdings, including:
- Strategy (formerly MicroStrategy), the largest corporate holder with 580,250 BTC worth approximately $63 billion,
- Metaplanet, and
- GameStop, which is reportedly exploring crypto treasury management.
This latest move strengthens The Blockchain Group’s position in the corporate Bitcoin adoption wave, mirroring a broader trend of institutional and public-company BTC accumulation as a long-term strategic reserve asset.
Key Takeaways
- Raised $72M via convertible bonds
- Targeting 1,400+ BTC in total reserves
- Share price more than doubled since adopting Bitcoin strategy
- France-based company eyeing global relevance in crypto finance