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@ Bitcoin Magazine - by layer3.news
2025-06-03 11:50:07
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✍️ The Blockchain Group, a French tech firm, has acquired 624 Bitcoin worth $69 million through a capital raise and bond issuance, marking a significant expansion of its Bitcoin holdings.
👉 The Blockchain Group acquired 624 Bitcoin worth $69 million through a capital raise and bond issuance
👉 The company completed the purchase in two tranches: 80 BTC acquired for €7.7 million through a capital increase, and 544 BTC for €52.5 million via convertible bonds
👉 The acquisitions bring the company's total Bitcoin holdings to 1,471 BTC, purchased at an average price of €89,687 ($103,000) per coin
👉 The company reported a BTC Gain of 439 BTC year-to-date and a BTC € Gain of approximately €42.3 million
#France #Europe #technology
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