Key takeout
The Blockchain Group acquired 580 Bitcoins and increased its holdings to 620 Bitcoins. The acquisition was funded by convertible bonds and Swissquote Bank ran the purchase.
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Blockchain Group, a pioneering European Bitcoin finance company, announced that it acquired 580 Bitcoin on Wednesday, with support from Adambach, was valued at around $50 million at its current market price.
The company’s latest Bitcoin acquisition is the largest since it began accumulating Bitcoin.
Blockchain Group launched its Bitcoin financial strategy on November 5th, 2024, becoming the first European company to adopt the Bitcoin financial strategy.
The company made its first purchase of 15 Bitcoin last November, followed by 25 Bitcoin in December, leading to the purchase of today’s 580 Bitcoin.
The purchase brings total holdings of 620 BTC, worth around $54 million. The company used revenue from the conversion debt issue announced on March 6th to fund its latest purchases.
The company has introduced three new key performance indicators, “BTC Yield”, “BTC Gain”, and “BTC € Gain” to track the strategy of the Bitcoin Finance Company. From the beginning of the year, the group achieved a BTC yield of 709.8% and a BTC gain of 283.9 BTC.
Strategy-inspired Bitcoin Playbook
Founded in 2008, the Blockchain Group specializes in data intelligence, AI, and decentralized technology development and consulting services.
Pivoting on Bitcoin, the company aims to maximize the number of Bitcoin per share over time by accumulating Bitcoin through excessive cash flow and capital raising.
In an interview with LA Place, Alexandre Riizet, Associate CEO and Director of Blockchain Group’s Bitcoin Strategy, said that Bitcoin offers a unique opportunity to engage in mergers and acquisitions (M&As) every two to three months, providing a unique opportunity to acquire assets that will earn around 60% annual growth over four years without the execution risk associated with traditional M&As.
According to Laizet, the goal is to increase long-term shareholder value through capital-raising activities.
“The essence of our strategy is simple: we accumulate Bitcoin, don’t sell it, we don’t hold it indefinitely,” he argued.
Commenting on the institutional adoption of Bitcoin, he predicted that widespread acceptance would take 10 to 15 years.
“The next step is to establish all the necessary links between traditional finance and the emerging Bitcoin-driven financial ecosystem,” Laizet added. “This includes integrating Bitcoin into the financials of a company as a valuable store and promoting transactions through stablecoins and blockchain-based money market funds.”
“We are generally witnessing the symbolization of financial markets. Bitcoin is at the heart of this evolution, but it will take time,” he said.
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