Europe’s Bitcoin Bet Deepens: Blockchain Group Adds $19M to Treasury, Surpasses 1,650 BTC

The Blockchain Group (Euronext Paris: ALTBG), Europe’s first publicly traded Bitcoin treasury company, has acquired an additional 182 BTC for approximately $19.65 million (€17 million). This latest purchase brings its total Bitcoin holdings to 1,653 BTC, currently valued at around $171.36 million (€148.9 million).

The acquisition was funded through recent convertible bond issuances worth nearly €18 million ($20.7 million). Participating investors included UTXO Management, Moonlight Capital, TOBAM, and Ludovic Chechin-Laurans, with each investor buying into different tranches of the bonds.

Commercial banking institution Banque Delubac & Cie and Swissquote Bank Europe SA executed the purchases, while custody was handled by Taurus, a Swiss digital asset infrastructure provider.

Massive Bitcoin Yield and Future Plans

The Blockchain Group reports an impressive year-to-date Bitcoin yield of 1,173.2% in 2025, based on its BTC-to-share ratio. The firm has added 469 BTC since January, with over $49.4 million in unrealized Bitcoin gains. Its average BTC purchase price stands around $103,000—significantly below current market prices.

With additional plans underway to acquire another 70 BTC, the company’s total reserves could soon surpass 1,720 BTC. Shares of The Blockchain Group, traded under the ticker ALTBG on Euronext Growth Paris, are currently down 3.9%, according to Google Finance.

Earlier this month, the company announced a plan to raise €300 million ($342 million) via an “At the Market” (ATM)-style share offering. The capital will be used to further expand its Bitcoin treasury. Shares will be sold at prices based on the prior day’s close or volume-weighted average, with a 21% cap on daily trading volume.

Rising Trend of Corporate Bitcoin Adoption

The Blockchain Group move aligns with a broader wave of institutional accumulation, led by firms like Strategy, whose executive chairman Michael Saylor recently stated, “We’re past [the crypto winter]… if Bitcoin’s not going to zero, it’s going to $1 million.” Strategy now holds over 582,000 BTC, and Saylor argues that rising institutional demand—estimated at $50 million daily—combined with Bitcoin’s fixed supply will push prices significantly higher.

According to BitcoinTreasuries.NET, at least 26 companies have added Bitcoin to their balance sheets in the past month alone. While this trend reflects growing institutional interest, critics warn it may signal desperation rather than strategy. Fakhul Miah of GoMining Institutional noted that smaller firms may lack the risk management needed for such aggressive crypto plays.

Standard Chartered has also warned that if Bitcoin drops below $90,000, half of these companies could face significant financial stress, potentially triggering liquidations and impacting the broader market.