Paris-Listed Blockchain Group Drops €63.3M on Bitcoin Bonanza!

Convertible Bond Bonanza Boosts BTC Holdings

Holy crypto, Batman! The Blockchain Group, a Paris-listed tech trailblazer, just threw down €63.3 million on a convertible bond fiesta to beef up its Bitcoin stash. These folks are on a mission to stack sats like there's no tomorrow!

In a sizzling May 26 announcement, the company revealed that its Luxembourg subsidiary, The Blockchain Group Luxembourg SA, pulled off this epic financial maneuver. Talk about going big or going home!

With this cash infusion, they're set to snag around 590 BTC at current prices, pushing their total potential hoard to a whopping 1,437 BTC. Right now, they're sitting pretty with 847 BTC, according to Bitcointreasuries. Boom!

Here's the breakdown: 95% of the loot is going straight into Bitcoin, while the other 5% will cover the boring stuff like operational expenses and management fees. You know, the necessary evils.

These bonds, fully subscribed and denominated in the king of crypto itself, can be swapped for shares in The Blockchain Group. The conversion prices vary depending on the tranche and the investor. It's like a choose-your-own-adventure, but with more money!

Fulgur Ventures took the lion's share, gobbling up €55.3 million worth of Tranche 2 bonds. UTXO Management chipped in another €3 million, while Moonlight Capital snagged a separate tranche at €3.809 per share, totaling around €5 million. It's a veritable who's who of Bitcoin believers!

The Blockchain Group started its Bitcoin buying spree back in November 2024. In their 2024 financial results, they boasted a mind-blowing 709% yield on their Bitcoin stash. That's some serious HODLing!

But they're not stopping there. These folks have their sights set on a whopping 1% of the total Bitcoin supply - around 170,000 BTC - by 2032. And they plan to keep increasing the number of Bitcoins per fully diluted share along the way. Talk about long-term vision!

This Paris-based powerhouse, which dabbles in AI, data intelligence, and blockchain development, has seen its stock (ALTBG) skyrocket by over 1,350% since they first jumped into Bitcoin in November 2024. As of May 26, shares were trading at €2.77, up a cool 766% year-to-date, despite a minor 5.5% dip on the day. Who needs a rollercoaster when you've got crypto?

The Blockchain Group is just one of many publicly traded companies going all-in on Bitcoin. It's like a gold rush, but with digital assets!

Last week, Hong Kong's DDC Enterprise jumped into the fray with a 21 BTC purchase, eyeing a long-term goal of 5,000 BTC. Meanwhile, Swedish health tech firm H100 Group recently secured $2.2 million in convertible loans to kick off its own Bitcoin treasury strategy. It's a global phenomenon!

And let's not forget about Strategy, Strive Asset Management, and Metaplanet, who are all ramping up their Bitcoin exposure like there's no tomorrow. They're doubling down on the king of crypto as a long-term treasury anchor. It's like they're building a fortress of Bitcoin!

As of May 27, 2025, Bitcoin is trading near $108,759, fresh off an all-time high of $112,509.65 on May 22. The crypto world is on fire, and The Blockchain Group is stoking the flames!