
Blockchain Group has just taken another big step to build its Bitcoin stash. The Paris -listed company picked up 624 BTC On Tuesday in a deal worth $ 68.6 million.
Based on reports, this movement pushes its total holdings to $ 1,437 – now valued approximately $ 150 million. It is clear that the company wants to become known as a heavyweight when it comes to holding Bitcoin in the balance sheet.
Accelerated Bitcoin purchases
Since the end of 2024, Blockchain group Have bought Bitcoin in stages. From 15 BTC for $ 1.1 million in November 2024 and then adds 25 BTC next month, the company was to facilitate its way in.
🟠Blockchain group confirms the acquisition of 624 BTC for ~ 60.2 million euros, the holding of a total of 1,471 BTC and a BTC exchange of 1,097.6% YTD ⚡
Full press release (one): https://t.co/izuebradtz
Full press release (FR): https://t.co/igddi8hu
BTC Strategy (en): … pic.twitter.com/0bq9zasrn3– blockchain group (@_altbg) June 3, 2025
On March 26, they got up by purchasing 580 BTC. Since May 22, another 227 BTC entered its wallet. These steady purchases show a growing appetite for bitcoin as a core supply.
The last 624 Cryptocurrency Buy is their biggest only move yet. It is a clear sign that the group wants to make Bitcoin a foundation in its Treasury.
Financing through convertible bonds
Most of the latest Bitcoin purchases – 544 BTC – were funded by a convertible bond of $ 63 million issued to Fulgur Ventures. Based on reports, the bond Blockchain group allows to convert debt to shares later, if investors choose.
The rest – 80 BTC – came from an almost $ 10 million capital increase that was completed at the end of May. That cash was specifically earmarked for crypto acquisitions. With the help of debt and new capital, the company seems to be bent to scale up its Bitcoin holdings quickly. It also shows that they would rather raise money than use existing cash reserves.
Custody and partnership
Blockchain Group worked with Banque Delubac & Cie and Swissquote Bank Europe to perform the BTC purchase. Both institutions collaborated with Swiss Business Taurus to handle secure custody of the coins.
Image: Nomadic Labs
According to the company, using trusted guardians is the key to keeping the digital assets secure. With these partnerships on site, Blockchain Group does not have to worry about managing private keys on its own. It lets them focus on buying more bitcoin instead of handling technical security issues.
Risk and rewards for shares
At current prices, the company’s 1,437 BTC is worth just over $ 150 million. As of May 31, the group reported an unrealized profit of almost $ 48 million. It is a healthy return on the previous purchases.
But Bitcoin’s price fluctuations can be sharp. If BTC sinks, these paper gains can disappear quickly. In addition, issuing a convertible bond of $ 63 million means possible share dilution if bonds convert to equity.
Reports reveal that Blockchain Group plans to increase its “Bitcoin per share” figure through more targeted capital increases tied to Crypto Buys.
The big alternative is that Bitcoin’s Price will continue to climb, which makes these purchases worth. Yet, if the market takes a decline, investors could see both coin values ​​and stock prices slip.
Image from Unsplash, charts from TradingView

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