The Blockchain Group made a significant acquisition of bitcoins, adding an additional 624 BTC to its reserves. The total amount of this transaction was approximately $68.7 million, bringing the company’s cryptocurrency assets to 1471 BTC. The average price of one coin during this purchase reached around $102,380.
This is reported by Business • Media
Details of the Financing Operation
To implement this strategy, the company conducted two major financial operations. Specifically, on May 20, 2025, The Blockchain Group raised about $9.8 million through a private placement of shares and capital increase, which allowed for the purchase of 80 BTC. The second part of the financing was obtained on May 26, 2025, during the issuance of convertible bonds of series OCA B-02 amounting to approximately $63 million. The underwriter for this placement was the venture firm Fulgur Ventures. With these funds, the company was able to acquire another 544 BTC.
The cryptocurrency purchase transaction was conducted with the participation of financial institutions Banque Delubac & Cie and Swissquote Bank Europe SA. The Blockchain Group also announced plans to further acquire an additional 60 BTC, which could potentially increase their total reserves to 1,531 BTC.
Company’s Profitability and Strategic Plans
“The return on investment in Bitcoin at the beginning of the year was about 1097.6%, and approximately 47.9% for the quarter.”
In early May 2025, The Blockchain Group reported its ambitious plans to acquire 260,000 BTC over the next ten years, indicating the company’s long-term strategy in the cryptocurrency market.