Blockchain Buys 624 BTC for $68.6M: The Quest for Crypto Glory

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In the grand theatre of modern finance, Blockchain Group—like a gold prospector with a bit too much caffeine—has added another shiny nugget to its collection. This week, the Paris-listed company, undeterred by the tumultuous Bitcoin seas, snagged 624 BTC for a mere $68.6 million. Because who needs sleep when you’re chasing the digital dragon? 🐉💸

Thanks to this move, their treasure chest now holds a grand total of 1,437 BTC—valued around $150 million. Aiming to crown itself as the heavyweight champ of crypto-hoarders, one might say they’re playing Monopoly with real billions. 🎲💰

Accelerated Bitcoin Purchases: The Slow Burn Turns Into a Fireworks Show

Since late 2024, this company has been slowly but surely buying Bitcoin—like a cautious squirrel hoarding nuts, but with more zeros. Starting with a modest 15 BTC for $1.1 million in November 2024, they then juggled 25 BTC the following month—perhaps to impress their future grandkids. As 2025 rolled in, their appetite grew—580 BTC on March 26, 227 BTC on May 22, and now this monstrous 624 BTC. If Bitcoin were pizza, they’d be building a giant pie. 🍕🚀

Blockchain Group squealed with delight: They acquired 624 BTC for about €60.2 million, bringing their total to 1,471 BTC, boasting a year-to-date yield of 1,097.6%. Sounds like a party—minus the confetti and plus the cryptic press releases. 🎉📜

Full Press Release (EN):
Full Press Release (FR):
BTC Strategy (EN):…

— The Blockchain Group (@_ALTBG) June 3, 2025

In the grand scheme of crypto adventures, buying 580 BTC in March and another 227 in May shows they’re pretty serious about making Bitcoin their financial bff. The latest haul? The biggest yet—proof that this bandwagon is accelerating faster than a cat chasing a laser pointer. 🐱💥

Funding Through Convertible Bonds: Because Debt is the New Black

Most of that massive purchase—544 BTC—was funded by a shiny $63 million convertible bond issued to Fulgur Ventures. Ah, the magic of debt! They can convert that debt into shares later—like turning IOUs into stock. Genius? Sure. Risky? Also yes. But hey, why not gamble with other people’s money? 💼🎲

The remaining 80 BTC came from a nearly $10 million cap raise completed in late May. Cash burning a hole in their digital pockets, perhaps? Or just good old-fashioned crypto FOMO? Using debt and fresh capital to fatten up their Bitcoin stash shows commitment—plus, they’d rather borrow than dip into their piggy bank. 👛💳

Custody And Partnerships: Fortress of Digital Security

Blockchain Group played it safe—like a cat with a bell—partnering with Banque Delubac & Cie and Swissquote Bank Europe to guard their digital gold. Both teamed up with Swiss Taurus, the digital fortress of the crypto world. Good to know Uncle Swiss has their back, while the company focuses on what really matters: accumulating more Bitcoin. 🛡️🔒

Trusting the pros means no fiddling with private keys in the dark—like trying to fix a Swiss watch in a tornado. Instead, they relax, sip their espresso, and dream of moonshots. 🚀☕

Risk and Rewards: The High-Stakes Poker Game

With 1,437 BTC valued a tad over $150 million, the company reports a nice unrealized gain of nearly $48 million—like a well-fed cat boasting about its fish. But beware—Bitcoin’s volatility is the financial equivalent of a rollercoaster designed by mad geniuses. It can thrill or make your stomach turn. 🎢🤢

And don’t forget that $63 million bond—convert it, and shareholders might see their slice of the pie shrink in a puff of smoke. The plan? To boost “Bitcoin per share” figures through more capital raises—more fireworks in a game where everyone hopes the market’s theme park doesn’t close early. 🎆🎢

The big gamble? They’re betting Bitcoin’s value will keep climbing, paying off their crypto adventure. Or maybe they’ll end up with a digital mess faster than you can say “HODL.” Either way, it’s a wild, delicious ride.

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2025-06-04 09:14