Blockchain is buying $ 68 million from Bitcoin, and BTC’s adoption for companies in the European Union

BLOCKCHAIN ​​GROUP, which is based in Paris, acquired $ 68 million in Bitcoin, as it joined an increasing wave of European institutions that add BTC to its public budgets.

Blockchain collectionWhich claims to be the first company for the Bitcoin Ministry in Europe, captured 624 Bitcoin (BTC) For 60.2 million euros (68.7 million dollars).

The latest acquisition of the company’s total possession of 1471 Bitcoin, or more than 154 million dollars, with BTC’s return by 1097 %, Blockchain Group announced on June 3 x mail.

The institutional interest has grown since the United States agreed to the boxes circulating on the Bitcoin Stock Exchange in January 2024, where the first BTC investment vehicles fully organized for traditional investors.

Another important increase in companies witnessed an important increase on March 7 after US President Donald Trump issued an executive order Determine a plan to create a bitcoin reserve Using the coding that was seized in criminal cases.

Related to: European lawmakers are silent on the American Bitcoin Reserve in the digital boost

Despite the economic model of Bitcoin for the benefit of the first adopters, only a few of them European companies have Bitcoin’s treasury ambitions revealed. These include French banking giant BNP ParibasSwiss Swiss 21shares Ag, VANECK EUROPE, Malta -based Malta Asset Management and Fintech Bitpanda Austrian.

The Czech National Bank I also explored publicly Using Bitcoin as a diversification strategy for foreign exchange reserves.

Related to: The Swedish MP proposes bitcoin reserves to the Minister of Finance

On the market, Bitcoin was assigned to “unify between $ 103,000 and $ 108,000” after reaching $ 112,000 ever On May 22, according to Ryan Lee, the chief analyst at Bitget Research.

“However, the onchain data shows the constant accumulation of the whale, which shows a bullish signal; these tires are any other corrections as a possible entry point,” the analyst told Cointelegraph.

The Ministry of Treasury adopted in Bitcoin all over the world

Bitcoin Treasury has led Michael Celor’s strategy to build international bitcoin.

The strategy, the world’s largest bitcoin holder, whose value is more than $ 60.5 billion from BTC, is only 8.3 billion dollars from Ishares Bitcoin Trust from Blackrock, which is currently more than $ 68.9 billion, According to To Arkham Intelligence.

He bought the strategy $ 75 One million value of bitcoin between 26 and 30 May, with an average price of 106495 dollars per BTC.

On June 2, the strategy announced plans for Rapid 250 million dollars By offering a preliminary general for a new category of permanent favorite stocks to finance future Bitcoin acquisitions.

Meanwhile, Metaplanet, also known as “Microstrategy”, became the world The eighth largest bitcoin holder After Bitcoin investing $ 118 million on June 2, Cointelegraph mentioned.

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