The Blockchain group, a prominent player in the cryptocurrency scene in Europe, has strengthened the Bitcoin Ministry with a large acquisition of 580 BTC.
The company, which heads itself as the first company of the Treasury in Bitcoin in Europe, revealed the purchase process in A. press releaseNoting that it now holds 620 BTC.
Since the former Bitcoin purchased, the 47.3 million euros (about 51 million dollars) scoops (about $ 51 million) amid the encryption market struggles is the largest one -purchase of the company so far.
Swissquote Bank Europe SA, a registered company as a virtual asset service provider in Luxembourg, has carried out the purchase.
Meanwhile, the infrastructure platform for Swiss digital assets is the custody provider.
Bitcoin revenue by 709 % on an annual basis
According to the advertisement, the Blockchain group added to its via BTC Holdings, The Blockchain Group Luxembourg SA.
The company acquired digital assets with an average purchase price of 81,550 euros (about 87,874 dollars) per bitcoin.
Like many other companies looking to take advantage of Bitcoin as the origin of the cabinet, the Blockchain group has used the revenue of the convertible bond to buy bitcoin.
This company announced the convertible bond on March 6, 2025.
Last year, Data Consulting Company, AI and Blockchain Technology Consulting bought the first bitcoin currencies.
The first acquisition of 15 BTC in November 2024 completed an average price of 63,729 euros per currency and then 25 BTC at 90,511 euros per currency in December.
The company now owns 620 BTC obtained for 50.5 million euros (about 54.5 million dollars).
After the launch of the Bitcoin strategy on November 5, 2024, the group now achieved the BTC return of about 709.8 % on an annual basis.
These revenues exceed the traditional market standards such as the Cac40 index from France, which increased by only 7 % during the same period.
YTD gains in euros are currently 23.2 million euros on the basis of the prevailing price of bitcoin.
According to the BLOCKCHAIN group, the latest BTC’s acquisition is a continuation of the company’s long -term vision of bitcoin integrating into the corporate cabinet.
The strategy, Metaplanet, Tesla and Gamestop recently adopted a similar strategy.
Bitcoin price
The Blockchain group’s bet on bitcoin comes at a time when the bitcoin price continues to try noticeable fluctuations.
After declining to less than 80,000 dollars earlier this month, the higher currency stumbled according to the maximum market to nearly 89 thousand dollars before declining again.
While BTC’s investment products have also seen huge output flows, there is a bounce where the price is in the range of $ 80,000-90 dollars.
The highest origin is still very attractive as the organizational scene and the American strategic bitcoin reserve movement.
At the time of this report, BTC changed to $ 87,071.
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