The Paris-listed technology company Blockchain Group has expanded its Bitcoin reserves by purchasing 182 BTC for approximately $19.6 million, bringing its total holdings to 1,653 BTC. Based on current market prices, the company's Bitcoin assets are now valued at over $170 million.
In an announcement released on June 17 (Wednesday), Blockchain Group stated that as Europe's first Bitcoin asset management company, the latest acquisition completed on June 17 was funded by a recent issuance of convertible bonds, totaling nearly €18 million ($20.7 million).
This round of financing attracted participation from several well-known investment institutions, including UTXO Management, Moonlight Capital, TOBAM, and Ludovic Chechin-Laurans. The announcement indicated that each participant subscribed to different portions of the company's bond transaction.
The Bitcoin purchase was executed by commercial banking institution Banque Delubac & Cie and digital investment bank Swissquote Bank Europe SA. Swiss digital asset infrastructure provider Taurus was responsible for asset custody.
Blockchain Group claims that its year-to-date Bitcoin yield has reached 1,173.2%, reflecting a significant increase in the ratio of Bitcoin held to fully diluted shares. Since the beginning of the year, the company has increased its holdings by 469 BTC, with the value of its Bitcoin assets growing by over $49.4 million.
The company's average acquisition cost for Bitcoin is approximately $103,000 per coin, which is below the current market price. The company is currently advancing plans that may allow it to acquire an additional 70 BTC, bringing its total reserves close to 1,723 BTC.
Blockchain Group is traded on the Euronext Paris growth segment under the stock code ALTBG. According to Google Finance data, the company's stock price fell by 3.9% today.
Earlier this month, Blockchain Group announced plans to raise €300 million ($342 million) through an "at-the-market" (ATM) issuance to further enhance its Bitcoin reserves.
The fundraising activities will be conducted in batches, with shares sold at market-driven prices, priced based on the previous trading day's closing price or volume-weighted average price, and with a daily issuance not exceeding 21% of the daily trading volume.
According to data from BitcoinTreasuries.NET, an increasing number of publicly listed companies are incorporating Bitcoin into their balance sheets, with at least 26 institutions taking such actions in the past 30 days.
However, industry critics warn that some companies may view Bitcoin as a last resort rather than a strategic allocation. Industry experts like Fakhul Miah from GoMining Institutional point out that small businesses attempting to mimic the strategies of larger companies may lack the risk management capabilities required for such investments.
Standard Chartered recently issued a warning that if Bitcoin prices fall below $90,000, half of these companies could face serious difficulties, potentially triggering widespread liquidations and damaging the market reputation of the asset.
Related: JD.com joins the stablecoin competition in the U.S. amid the GENIUS Act
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
