The Blockchain Group Drops €17M on Bitcoin, Pumps Holdings to 1,653 BTC!

Europe's First Bitcoin Treasury Goes Big on BTC

Hang onto your hats, crypto fans! The Blockchain Group, Europe's trailblazing Bitcoin Treasury, just threw down a whopping 17 million euros to snag more BTC. That's right, their stash is now a beefy 1,653 BTC strong!

Straight from the horse's mouth, The Blockchain Group announced they scooped up 182 more BTC from May 26 to June 12. And get this – they funded this epic buy with cash from their latest $19.6 million convertible bond issuance. Talk about putting your money where your mouth is!

But wait, there's more! Not only did they beef up their Bitcoin horde, but their BTC yield from these holdings skyrocketed 1,173% this year. These guys are on fire!

Hold your breath, folks. They've got one more trick up their sleeve – an unredeemed subscription from their last share issuance, courtesy of TOBAM and Adam Back. It's worth around $7.31 million, enough to grab another 70 BTC. Cha-ching!

If that subscription gets cashed in, The Blockchain Group's BTC stash could hit a mind-blowing 1,723 BTC. Holy crypto, Batman!

At the time of this blockbuster news, BTC was down 1% at $104,490 per coin. The market cap's holding steady at $2.07 trillion, but the daily trading volume dipped 1% to $33.7 million.

Just one day before this mega purchase, The Blockchain Group pulled in another $7.7 million to load up on even more BTC. They scored this cash through a slick "At-The-Market type" capital raise with TOBAM, issuing 1.6 million new shares at an average price of 4.49 euros. These guys are playing hardball!

Ever since Bitcoin hit that jaw-dropping all-time high in May, corporations have been going nuts, ramping up their Bitcoin grabs and pushing institutional demand through the roof. The Blockchain Group jumped on this train early, starting to stack sats back in November 2024. They were the first European company to dive into the Bitcoin Treasury game, and they're not slowing down!

And in other news, the Norwegian digital asset firm K33 is getting in on the action too. They're issuing new shares to raise enough dough to buy 1,000 BTC. By June 18, opening day, they were already fully subscribed. Looks like the crypto party's just getting started!