The post Blockchain Group Buys 624 Bitcoin For $68.6M, Aiming To Join Top Institutional Holders appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Blockchain Group has just taken another big step in building its Bitcoin stash. The Paris-listed firm picked up 624 BTC on Tuesday in a deal worth $68.6 million. Based on reports, that move pushes its total holdings to 1,437 BTC—now valued around $150 million. It’s clear the company wants to be known as a heavyweight when it comes to holding Bitcoin on its balance sheet. Accelerated Bitcoin Purchases Since late 2024, Blockchain Group has been buying Bitcoin in stages. Starting with 15 BTC for $1.1 million in November 2024, then adding 25 BTC the next month, the firm was easing its way in. 🟠 The Blockchain Group confirms the acquisition of 624 BTC for ~€60.2 million, the holding of a total of 1,471 BTC, and a BTC Yield of 1,097.6% YTD ⚡️ Full Press Release (EN): https://t.co/iZUEbRaDTZFull Press Release (FR): https://t.co/IgTddli8HuBTC Strategy (EN):… pic.twitter.com/0bQ9zaSRN3 — The Blockchain Group (@_ALTBG) June 3, 2025 On March 26, they stepped up by buying 580 BTC. Then, on May 22, another 227 BTC went into their wallet. These steady buys show a growing appetite for Bitcoin as a core asset. The latest 624 cryptocurrency buy is their biggest single haul yet. It’s a clear sign the group wants to make Bitcoin a foundation in its treasury. Funding Through Convertible Bonds Most of the recent Bitcoin buy—544 BTC—was funded by a $63 million convertible bond issued to Fulgur Ventures. Based on reports, the bond allows Blockchain Group to convert debt into shares later, if investors choose. BTC is now trading at $106,125. Chart: TradingView The rest—80 BTC—came from an almost $10 million capital raise completed in late May. That cash was specifically earmarked for crypto acquisition. Using debt and fresh capital, the…

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Filed under: News - @ June 4, 2025 6:26 am