Blockchain Group has stepped up another big step in building a Bitcoin stash. The Paris listed company has picked up 624 BTC on Tuesday with a $ 666 million contract.
Based on the report, this movement pushed the total shares into 1,437 BTC. It is clear that the company wants to be known as a heavyweight when catching a bitcoin in the balance table.
Bitcoin purchase acceleration
Since late 2024, the blockchain group has been buying Bitcoin on stage. Starting with 15 BTC in November 2024, the company added 25 BTCs next month, and the company relaxed the road.
Blockchain Group checks the BTC yield of 624 BTC -662 million euros, a total of 1,471 BTC and 1,097.6% YTD.
Full press release (EN): https://t.co/izuebradtz
Full press release (FR): https://t.co/igtdli8hu
BTC Strategy (EN):… pic.twitter.com/0bq9zasrn3-Block Chain Group (@_ALTBG) June 3, 2025
On March 26, they purchased 580 BTC and strengthened. Then on May 22, another 227 BTC entered the wallet. This constant purchase is a core asset, and appetite for Bitcoin is growing.
The latest 624 Cryptocurrency purchase is still the largest single transport. It is a clear signal that the group wants to make Bitcoin the foundation of the Treasury.
Funds through convertible bonds
Most of the recent Bitcoin purchases (544 BTC) have funded funds with $ 66 million convertible bonds issued on the Fulgur venture. Based on the report, bonds will allow the blockchain group to convert debt to stocks later if the investor has chosen.
The remaining (80 BTC) is due to almost $ 10 million in capital increase completed at the end of May. The cash was especially allocated to acquire encryption. Using debt and new capital, the company seems to be bent in expanding its own Bitcoin. It also shows how to raise funds rather than using existing cash reserves.
Custody and partnership
Blockchain Group has been in cooperation with BANQUE Delubac & CIE and Swissquote Bank Europe to buy a BTC purchase. Both agencies partnered with the Swiss company Bull position to handle the safe custody of the coin.
Image: Nomadic Labs
According to the company, using a reliable manager is important for keeping digital assets safe. Through these partnerships, the blockchain group does not have to worry about managing personal keys on its own. This allows you to focus on buying more Bitcoin instead of dealing with technology security issues.
Risk and reward for stocks
At the current price, the company’s 1,437 BTC is worth more than $ 150 million. As of May 31, the group reported almost $ 48 million in profits. It is a sound profit for the previous purchase.
But the price fluctuations of Bitcoin can be sharp. If the BTC falls, the paper gain may disappear quickly. In addition, if a creditor switches to capital, it means dilution of stocks to issue $ 63 million convertible bonds.
According to the report, the blockchain group said it would raise the number of “Bitcoin per week” through more capital increase related to the purchase of encryption.
The big bet will continue to increase the price of Bitcoin to make these purchases value. However, if the market causes a downturn, investors can slide both coin value and stock prices.
Chart of TradingView, the main image of Unsplash
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