In a manner that suggests perhaps too much time on their hands, Europe‘s first Bitcoin treasury company, The Blockchain Group, decided to splash out on 624 BTC, spending a cool EUR 60.2 million, or about USD 68.7 million—just enough to make you wonder if they’re hiding a million under their mattress. After this latest purchase, they own a grand total of 1,471 BTC, because apparently, the more zeros the better. 🎩
They’ve got dreams, too—an ambitious goal to amass 260,000 BTC by 2033. It’s as if they believe Bitcoin grows on trees. Or perhaps they just like to gamble with other people’s money, claiming they’ll stay in the elite club of companies stacking Bitcoin like pancakes on a Sunday morning. 🥞
The Blockchain Group Buys 624 BTC Worth $68M, Because Who Doesn’t Need More Digital Gold?
On June 3, from some Parisian office where they probably think they’re the next big thing, The Blockchain Group announced they bought 624 BTC, tossing EUR 60.2 million into the Bitcoin blender. They’ve been borrowing money—because nothing says “I’m serious” like issuing corporate bonds—to fuel their new obsession. It’s strategy, though, or something like it.
🟠 The Blockchain Group has snatched up 624 BTC for around €60.2 million, bringing their total to 1,471 BTC—enough to make even the most stoic accountant crack a smile—plus a year-to-date BTC yield of 1,097.6%. Who knew Bitcoin could be so rewarding? 😂
Full press release (EN):
Full press release (FR):
BTC Strategy (EN):…— The Blockchain Group (@_ALTBG) June 3, 2025
With their latest spree, the company’s Bitcoin stash now boasts a shiny value near USD $106 million at the current price—because what’s money if not a number on a screen? Their BTC Yield? An impressive — or perhaps incredibly lucky — 1,097.6% so far this year, as if they found a secret recipe in a dusty French cookbook. 🍷
They also announced they “quietly” raised about €8.6 million through private placements, snatching up 80 BTC for about €7.7 million, alongside a €55.3 million convertible bond issuance, which they used to snatch 544 BTC for roughly €52.5 million. It’s all very professional—if you like that sort of thing, with plenty of numbers and a dash of hope.
Meanwhile, their stock price, ALTBG, did a little dance—up 8% before the market opened, then slipping a bit—because nothing says stability like a rollercoaster. Over the past month, they’ve rallied more than 168%, and year-to-date, a staggering 873%, proving once again that in the world of Bitcoin, logic takes a backseat to sheer bravado—and maybe a bit of luck. 😅
Read More
- Silver Rate Forecast
- SPEC PREDICTION. SPEC cryptocurrency
- ETHFI PREDICTION. ETHFI cryptocurrency
- USD PHP PREDICTION
- INR RUB PREDICTION
- OM PREDICTION. OM cryptocurrency
- RUNE PREDICTION. RUNE cryptocurrency
- Solana’s Meltdown: $111M Longs Liquidate Like It’s Going Out of Style! 💸🔥
- ADA GBP PREDICTION. ADA cryptocurrency
- GBP CNY PREDICTION
2025-06-03 12:09