The Blockchain Group Powers Up with 116 More BTC, Now Holding a Staggering 1,904 BTC!

Strategic Capital Raises Fuel Ambitious Bitcoin Accumulation

Hold onto your hats, crypto fans! The Blockchain Group, the trailblazing Bitcoin Treasury Company listed on Euronext Growth Paris, just upped its game big time. They've added a whopping 116 BTC to their stash, pushing their total Bitcoin holdings to an impressive 1,904 BTC. Talk about a power move!

On July 7, these Bitcoin warriors confirmed they pulled off not one, not two, but three strategic capital raises, raking in a cool €11 million. That cash? It's all going straight into their Bitcoin war chest, baby!

Kicking things off on July 1, The Blockchain Group announced and then swiftly finalized an "ATM-type" equity issuance to the institutional investor TOBAM. They snagged ~€1 million at a price of about €5.251 per share and immediately put that cash to work, buying up 11 BTC. Boom!

But they didn't stop there. Their Luxembourg subsidiary went all in with two €5 million convertible bond issuances. First up, TOBAM stepped up to the plate again, subscribing at a conversion price of €5.174 per share. That move funded the purchase of 52 BTC for roughly €4.8 million. Then, none other than Blockstream CEO Adam Back joined the party, enabling the acquisition of 53 BTC for about €4.9 million. These guys are on fire!

These three rounds together brought in ~€11 million and allowed the firm to scoop up 116 BTC at an average acquisition price of around €94,827 per BTC. As a result, The Blockchain Group and its Luxembourg unit now hold a total of 1,904 BTC, acquired for a cumulative €172 million, with an average entry price of approximately €90,332 per BTC. That's some serious Bitcoin muscle!

This latest move marks a 6.5% increase in total BTC holdings from their last announcement, when they held 1,788 BTC following an earlier €5.5 million acquisition. The numbers just keep climbing!

And get this: the company reported a BTC Yield of ~1,348.8% and a BTC Gain of ~539.5 BTC since the start of this year, translating into a BTC € Gain of nearly €49.7 million. That's a 6.1% increase in BTC Yield from the previously reported year-to-date yield of approximately 1,270.7%. The compounding effect of these additional 116 BTC is absolutely insane!

The Blockchain Group started this wild Bitcoin ride back in November of last year, and they've got their sights set high. They're gunning to hold around 170,000 BTC by 2032, which is about 1% of the total Bitcoin supply. Their strategy? Steadily increasing the amount of BTC held per fully diluted share, cementing their status as a leading Bitcoin Treasury Company. Buckle up, because this is just the beginning!