The Paris-listed Blockchain Group has ramped up its Bitcoin accumulation strategy with a $68.6 million purchase of 624 BTC, marking its largest single-day acquisition to date. This brings the company’s total BTC holdings to 1,437—currently valued at approximately $150.37 million.
This latest buy was funded through a $63 million convertible bond deal with Fulgur Ventures, resulting in 544 BTC acquired. An additional 80 BTC came from a $9.8 million capital raise in late May.
The transactions were executed via Banque Delubac & Cie and Swissquote Bank Europe, with custody handled by Swiss blockchain infrastructure firm Taurus.
Blockchain Group began its BTC accumulation journey with smaller buys in late 2024, including 15 BTC in November and 25 BTC in December. The group gradually ramped up its purchases, acquiring 580 BTC in March and 227 BTC in May before this week’s substantial addition.
As of May 31, the firm has recorded an unrealized gain of $47.88 million on its Bitcoin portfolio.
The aggressive accumulation aligns with the company’s long-term treasury strategy of increasing Bitcoin holdings per share. Backed by recent capital raises, Blockchain Group sees Bitcoin as a core treasury asset—positioning itself among the growing cohort of institutional holders betting on BTC’s long-term upside.
You might also like: BREAKING: Elon Musk’s XChat Unveils 5 Game-Changing Features Inspired by Bitcoin