Blockchain Group (ALTBG), a firm listed in Paris with the brand itself as Europe’s first bitcoin
Treasury company, Says It bought 182 BTC for 17 million euros ($ 19.6 million), which brought its total stash to 1,653 BTC worth nearly 149 million euros.
The purchase follows a series of transformed bond issues of up to 18 million euros, subscribed to UTXO management, Moonlight Capital, Ludovic Chechin-Laurans and Asset Manager Tobam. It also converts warrants to nearly 3 million ordinary shares, raising another 1.6 million euros for Bitcoin purchases.
The company said it had achieved a 1,173% BTC yield until this year. The scale is defined as the ratio of the total BTC to be held to fully dissolve the remaining shares. Many companies use the term to measure how their approach to getting bitcoin is, even if they can monitor the yield in different ways.
Even so, the figure of the blockchain group stands. Strategy (MSTR), the largest corporate holder in the world of bitcoin, reported A 19.1% BTC yield year-to-date while reported by metaplanet (3350) 266.07% and Semler Scientific (SMLR) 26.7%.
The Bitcoin of the Blockchain Group was purchased by the Swissquote Bank Europe and Banque Delubac, and held in the care of Taurus, a Swiss digital asset infrastructure provider.
The latest rotation of purchases brings the average basis for the firm’s bitcoin cost to nearly 90,000 euros per coin.
Blockchain Group shares fell 2.1% to 4.895 Euro in early Wednesday trading in Euronext Paris. The Benchmark CAC 40 index is small.
