The Blockchain Group Boosts Bitcoin Holdings and Expands Capital Base

Paris-based The Blockchain Group (Euronext: ALTBG) has taken another major step in solidifying its position as Europe’s leading Bitcoin treasury firm. Between June 23 and June 29, the company acquired 60 additional BTC for approximately €5.5 million, raising its total holdings to 1,788 BTC. These holdings are now worth around €161.3 million (roughly $189 million), representing a substantial year-to-date increase in both volume and value.

In addition to its Bitcoin accumulation, the company enhanced its capital structure through new equity issuance. The Blockchain Group issued around 1.1 million new shares by exercising warrants and raised €4.1 million through an at-the-market (ATM) offering to French institutional investor TOBAM. Part of these funds were used to acquire 41 BTC. Notably, Blockstream CEO and renowned cryptographer Adam Back also participated in the funding round, subscribing to €1.16 million worth of equity—bolstering confidence in the company’s long-term vision.

These strategic moves are aimed at increasing the company’s Bitcoin-per-share ratio while also reinforcing its capital base for future crypto acquisitions. The Blockchain Group has made it clear that proceeds from the equity raise will be allocated entirely toward expanding its Bitcoin treasury, in a move that echoes MicroStrategy’s now-famous approach to digital asset accumulation.

As one of the first public firms in Europe to adopt Bitcoin as a primary treasury reserve asset, The Blockchain Group is setting a precedent for legacy-listed companies looking to pivot into the digital asset economy. With its latest purchases and capital inflows, the company is not only growing its balance sheet, but also redefining what it means to be a modern financial entity in the crypto era.