Blockchain 624 Bitcoin buys for $ 68.6 million, with the aim of joining senior institution owners
Blockchain collection has taken another big step in building Bitcoin’s bitco. The company listed in Paris picked up 624 btc On Tuesday in a deal worth $ 68.6 million.
Based on reports, this step pays its total holdings to 1437 BTC – which is now estimated at about $ 150 million. It is clear that the company wants to be known as heavy weight when it comes to sticking Bitcoin In its public budget.
Bitcoin acceleration purchases
Since late 2024, Blockchain collection Bitcoin was bought in stages. Starting from 15 BTC for $ 1.1 million in November 2024, then adding 25 BTC next month, the company was on its way.
Blockchain group confirms the acquisition of 624 BTC for ~ 60.2 million euros, a total of 1,471 BTC, and BTC return is 1,097.6 % YTD
Full press release (EN): https://t.co/izuebradtz
Full press release (Father): https://t.co/igtddli8hu
BTC (en) strategy: … pic.twitter.com/0BQ9zasrn3Blockchain (_Altbg) collection June 3, 2025
On March 26, they ascended by buying 580 BTC. Then, on May 22, another 227 BTC went to his wallet. This fixed purchase shows an increasing appetite for Bitcoin as a basic origin.
Latest 624 Coded Buying is the largest distance for it so far. It is a clear sign that the group wants to make Bitcoin mainly in its wardrobe.
Funding through convertible bonds
Most of the last Bitcoin purchases – 544 BTC – were funded by a $ 63 million convertible bond issued to Fulgu Ventures. Based on reports, Bond Group Blockchain allows debts to convert to shares later, if investors choose.
The rest – 80 BTC – by increasing the capital of $ 10 million in late May. This criticism is specifically dedicated to the acquisition of encryption. Using debts and new capital, the company appears to be determined to quickly increase Bitcoin’s possessions. It also explains that they prefer to raise funds instead of taking advantage of the current cash reserves.
Civilization and partnerships
Blockchain collection has worked with Banque Delubac & Cie and Swissquute Bank EUROPE to carry out the BTC purchase. Both institutions have made a partnership with a Swiss company Taurus To deal with safe nursery from coins.
Image: Nomadic Labs
According to the company, the use of reliable guardian is the key to maintaining digital assets safe. With these partnerships in place, the Blockchain Group group does not need anxiety about the key management on its own. This allows them to focus on buying more bitcoin instead of dealing with technical security problems.
Risks and rewards for stocks
At current prices, the value of the company, which is 1437 BTC, is slightly more than $ 150 million. As of May 31, the group told an unveiled profit of about $ 48 million. This is a healthy return to previous purchases.
But bitcoin fluctuations can be sharp. If BTC decreases, these paper gains can fade quickly. In addition, the issuance of a $ 63 million convertible bonds means reducing potential shares if bond holders turn to property rights.
Reports reveal that the Blockchain group plans to increase the “Bitcoin per share” number by increasing the target capital to encryption purchases.
The great bet is that the price of bitcoin will continue to climb, making these purchases worthy of attention. However, if the market takes a shrinkage, investors can see currency values and prices slide.
Distinctive image from Unsplash, tradingvief chart
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