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bonk
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bitcoin
Bitcoin (BITCOIN)
$85,234 0.45%
ethereum
Ethereum (ETHEREUM)
$1,616 1.42%
binancecoin
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solana
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ripple
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The Blockchain Group Adds 580 Bitcoin as Stock Rallies

Highlights:

  • The Blockchain Group acquires 580 BTC, raising total holdings to 620 BTC.
  • ALTBG has surged 225% since starting Bitcoin accumulation, now trading at €0.48 ($0.52).
  • Latest Bitcoin purchase funded through a convertible bond issue announced on March 6.

​The Blockchain Group, a French company specializing in data intelligence, AI, and decentralized technology, has significantly expanded its Bitcoin (BTC) holdings. On March 26, its subsidiary, Blockchain Group Luxembourg SA, acquired 580 Bitcoin for approximately €47.3 million ($50.8 million), averaging about $87,311 per Bitcoin. This purchase increases the company’s total Bitcoin reserves to 620 BTC, with an average acquisition cost of €81,480 per Bitcoin.

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The company’s latest Bitcoin acquisition is its largest since it started accumulating Bitcoin. The Blockchain Group launched its Bitcoin Treasury strategy on November 5 last year. It became the first European company to adopt such a strategy. The company initially bought 15 BTC on November 5, the day Donald Trump won the U.S. election. Soon after, Bitcoin began a month-long rally, reaching $100,000 for the first time in December.

The second purchase was 25 Bitcoin on December 4, when Bitcoin was trading at $96,000. The price surged past six figures the next day amid the post-election rally. Yesterday, it added 580 BTC, bringing its total holdings to 620 BTC. The latest purchase was funded through a convertible bond issue announced on March 6.

The Blockchain Group (ALTBG) is listed on Euronext Paris, Europe’s second-largest stock exchange by market cap. It calls itself a “global umbrella” of companies specializing in data intelligence, AI, and decentralized technology. Since starting its Bitcoin accumulation on November 5, ALTBG has surged 225% to 0.48 euros ($0.52), according to Google Finance. The latest Bitcoin purchase was announced after the market closed on March 26.

The Blockchain Group Unveils Key Bitcoin KPIs

​The Blockchain Group has introduced three key performance indicators (KPIs) to evaluate its Bitcoin Treasury strategy: BTC Yield, BTC Gain, and BTC € Gain. These metrics assess the growth and financial performance of the company’s Bitcoin holdings. As of March 26, the company reported a BTC Yield of approximately 709.8% year-to-date, a BTC Gain of about 283.9 BTC, and a BTC € Gain of around €23.2 million. These KPIs provide transparency and insight into the company’s performance in accumulating and managing its Bitcoin assets.

MicroStrategy, now rebranded as Strategy, uses BTC Yield and BTC Gain to evaluate its Bitcoin acquisition strategy. These key performance indicators help measure and communicate its effectiveness. Executive Chairman Michael Saylor responded to Laizet on X, stating that “BTC Yield, BTC Gain, and BTC € Gain have arrived in France.”

Laizet thanked Saylor, praising his leadership in Bitcoin strategy. He also recognized the influence of Metaplanet leaders Dylan LeClair and Gerovich. “Merci! Thank you for your example, @saylor! It is an honour for us to follow your steps as well as those of @DylanLeClair and @gerovich,” Laizet wrote. Michael Saylor, a pioneer in corporate Bitcoin adoption, has guided Strategy past the 500,000 BTC milestone. The company now holds 506,137 Bitcoin.

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