France-based crypto firm Blockchain Group has made headlines again by announcing its plan to buy 590 more Bitcoin (BTC) following a €63.3 million bond sale. This strategic move shows the company’s deep commitment to building a strong BTC treasury and taking a bold stance on digital assets.
The raised funds, worth about $72 million, will mostly go into buying Bitcoin, although 5% will be used for operations and management fees. At current prices, the company could acquire up to 658 BTC, according to CoinGecko, but it has earmarked 590 BTC as its official purchase target.
This is not Blockchain Group’s first Bitcoin buy. In fact, their initial purchase in November 2024 sent shockwaves through the market. The company’s stock price jumped over 225%, and as of now, it has gained more than 765% this year. Blockchain Group trades under ALTBG on Euronext Paris, one of Europe’s biggest stock exchanges.
Key investors in this bond sale include Fulgur Ventures, which contributed €55.3 million, and Moonlight Capital, which added €5 million. These bonds are convertible into Blockchain Group shares at €3.809 each, reflecting strong investor trust in the firm’s crypto-forward vision.
In its 2024 financial report, Blockchain Group reported that the return on its current Bitcoin holdings was over 709%. However, the company’s overall revenue declined by 32.1% compared to the previous year. Despite this, it remains committed to its long-term goal: to acquire 1% of the total Bitcoin supply—over 170,000 BTC—by 2032.
The company explains that it aims to grow the number of Bitcoin per share over time by using excess cash and smart financing tools. This method is increasingly popular among public companies seeking to hedge against inflation and diversify their holdings beyond traditional markets.
Blockchain Group joins a rising wave of companies going “orange-pilled,” or adopting Bitcoin as part of their core strategy. Swedish health-tech firm H100 Group AB and U.S.-based Strive Asset Management are among the latest to follow this trend, signaling growing corporate faith in Bitcoin’s future.
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