Blockchain Bonanza: €10B for Bitcoin? You Won’t Believe What Happens Next!

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In a world where fortunes are made and lost faster than a tumbleweed in a dust storm, the Blockchain Group has wrangled up a stampede of shareholder approval, raising over €10 billion to chase after that elusive digital gold known as Bitcoin. 💰

Now, this isn’t just any old company; it’s Europe’s first Bitcoin Treasury Company, strutting its stuff on Euronext Growth Paris like a rooster in a henhouse. With a resounding cheer from shareholders, they’re ready to issue new shares and securities, either with or without those fancy preferential subscription rights. It’s like a buffet of investment options, folks! 🍽️

These shiny new financial tools are set to bolster the company’s ambitions of hoarding Bitcoin like a squirrel with acorns, aiming to increase its BTC holdings per share over time. It’s all part of their grand strategy, which sounds as impressive as it is complicated. 🐿️

And just to spice things up, Alexandre Laizet has been appointed to the Board of Directors, taking on the role of Deputy CEO, tasked with the noble mission of steering the company’s Bitcoin Strategy. Because, you know, someone has to keep an eye on the digital treasure chest! 🏴‍☠️

This bold move follows a recent triumph where the Blockchain Group sold €63.3 million in convertible bonds through its Luxembourg subsidiary, all to fund the acquisition of about 590 BTC. According to the wise sages at Bitcoin Treasuries, the company currently boasts 1,471 BTC on its balance sheet, worth a cool $161.11 million at today’s market prices. They’ve set their sights on holding 1% of the total Bitcoin supply—around 170,000 BTC—by the year 2032. Talk about aiming for the stars! 🌌

But they’re not alone in this digital gold rush. A growing band of European companies is jumping on the Bitcoin bandwagon, with the likes of the Swedish health tech firm H100 Group recently snagging $2.2 million through convertible loans to boost their own BTC stash. It’s a wild west out there! 🤠

Meanwhile, the aggressive Bitcoin hunters like Strategy and Metaplanet are not sitting idle. Earlier this month, Strategy added a whopping 1,045 BTC to its coffers, worth around $110 million, bringing their total to a staggering 582,000 BTC. And let’s not forget Japan-based Metaplanet, which also added 1,088 BTC to its portfolio, increasing its total to 8,888 BTC. It’s like a game of digital Monopoly, and everyone wants Boardwalk! 🎲

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2025-06-11 12:54