Blockchain Group Purchases 624 Bitcoin to Expand Corporate Treasury Holdings

Highlights:

• Blockchain Group boosts Bitcoin holdings to 1,471 after a $68.7M purchase of 624 BTC. 
• Bitcoin stash grows 1,097.6% YTD, showing steady accumulation and strong gains. 
• European investors show growing interest as Bitcoin adoption expands across institutions.

Paris-based crypto company Blockchain Group has made another big move in Bitcoin (BTC), buying 624 BTC for around $68.7 million. This purchase is part of its larger goal to become a major player in the crypto space. Blockchain Group said in a June 3 post on X that it now owns 1,471 Bitcoins, worth over $154 million.

Listed on the Paris stock exchange, Blockchain Group says it is Europe’s first company focused on holding Bitcoin as a core part of its business strategy. By adding more BTC to its balance sheet, it joins a growing number of European institutions investing in the leading cryptocurrency.

According to a June 3 press release, the Euronext Growth Paris-listed company completed the Bitcoin purchase in two stages. Blockchain Group paid for most of its new Bitcoin using money from a $63 million convertible bond deal with Fulgur Ventures, which helped it buy 544 BTC. It got another 80 BTC using $9.8 million raised from investors at the end of May. The Bitcoin was bought through Banque Delubac & Cie and Swissquote Bank Europe, with both banks using Swiss company Taurus to keep the Bitcoin safe. The company also shared that its Bitcoin investments have grown by 1,097.6% so far this year. 

🟠 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/iZUEbRaDTZ
Full Press Release (FR): https://t.co/IgTddli8Hu
BTC Strategy (EN):… pic.twitter.com/0bQ9zaSRN3

— The Blockchain Group (@_ALTBG) June 3, 2025

Blockchain Group Grows Bitcoin Treasury

The company announced plans to grow its crypto treasury just weeks ago. Since then, it has bought 227 BTC on May 22 and 580 BTC on March 26. It also made smaller Bitcoin purchases in November and December 2024. The company started its Bitcoin investment slowly. 

Last November, it bought 15 BTC for $1.08 million. The next month, it added 25 more BTC. With each purchase, the average price they paid went up. This shows they are carefully growing their Bitcoin holdings to match their long-term plan. The latest buy of 624 BTC is the biggest single-day purchase they have made so far. The company says its Bitcoin has grown a lot in value since it bought it. By May 31, they had an unrealized profit of $47.88 million.

Blockchain Group says these steps show its commitment to keeping Bitcoin as a main part of its treasury. It also plans to increase the amount of Bitcoin per share by raising money and buying more crypto over time.

Big Investors and Institutions Show Growing Interest in Bitcoin Holdings

Interest from big investors has been rising since the U.S. approved spot Bitcoin ETFs in January 2024. These ETFs allow traditional investors to invest in Bitcoin through fully regulated channels. Interest from companies grew even more on March 7 after U.S. President Donald Trump signed an order to create a Bitcoin reserve using cryptocurrency taken from criminal cases. 

Few European companies, like BNP Paribas, 21Shares AG, VanEck Europe, Jacobi Asset Management, and Bitpanda, have shown interest in holding Bitcoin. The Czech National Bank is also exploring Bitcoin to diversify its reserves. Bitcoin treasury firms like Michael Saylor’s Strategy have led the push for Bitcoin adoption worldwide. The company holds the most Bitcoin among companies, with over $60.5 billion in BTC.