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The Blockchain Group Increases Its Bitcoin Reserve
The Blockchain Group, listed on Euronext Growth Paris, announces the acquisition of 116 bitcoins (BTC) for approximately €10.7 million. This transaction brings its total holdings to 1,904 BTC, valued at approximately €172 million, based on an average cost of €90,332 per bitcoin.
The acquisition is part of the company's strategy to increase its bitcoin reserve. This initiative is supported by a capital increase of €1 million and the issuance of convertible bonds subscribed by TOBAM and Adam Back. Since the beginning of the year, the BTC return has reached 1,348.8% with a gain of 539.5 BTC, translating into a financial gain in euros of nearly 49.7 million.
The Blockchain Group thus continues to strengthen its position as the leading Bitcoin Treasury Company in Europe.
R. H.
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