The Blockchain group added 60 BTC to its Bitcoin hiding place following a series of recent capital increases, bringing its total assets to 1,788 BTC.
The blockchain group, the first Bitcoin cash company in Europe listed on Euronext Growth Paris, confirmed the acquisition of an additional 60 bitcoin (BTC) for around 5.5 million euros, bringing its total BTC holdings to 1,788 BTC, valued at around 161.3 million euros.
This was made possible thanks to a combination of recent capital operations, including the conversion of mandates and new subscriptions to shares. In particular, the CEO of Blockstream, Adam Back, subscribed to € 2.1 million shares at € 0.544 per share, contributing around 1.16 million euros to the purchase of Bitcoin. The Tobam asset manager also participated, subscribing to 262,605 shares for around 0.14 million euros, as part of legal adjustment measures for holders of convertible notes.
In addition, the company has converted more than 1.1 million mandates (BSA 2025-01) into shares, raising 0.6 million euros and finalizing a separate capital increase of 4.1 million euros as part of its “ATM” type program with Tobam.
The capital increase intervened after the recent voting of shareholders who approved an increase in the corporate fundraising limit to 500 million euros in nominal value. The resolution was adopted with more than 95% of the votes in favor, reporting solid investor support for the change of the company to a Bitcoin -based strategy.
In addition, the company declared a BTC yield of approximately 1,270.7% up to date, reflecting a net gain of more than 500 BTC, valued at around 46.7 million euros. The total Bitcoin Holdings of the Blockchain group now amounts to 1,788 BTC, acquired at an average price of around € 90,213 per BTC.
The blockchain group began to build its Bitcoin holdings in November of last year. In its financial results of 2024, the company announced a return of 709% on its Bitcoin investments, which means that the ytd yield of 1,270% said for the first half of 2025 already exceeds the total return reached in 2024.
The company’s objective is to accumulate around 170,000 BTC – equivalent to 1% of the total Bitcoin supply – by 2032, emphasizing the gradual increase in the quantity of bitcoin held by fully diluted part.
