May 27, 2025

France’s Blockchain Group to Buy 590 More Bitcoin

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France’s Blockchain Group is deepening its Bitcoin treasury strategy following a successful €63.3 million ($72 million) bond sale, with plans to purchase an additional 590 BTC using most of the funds raised. The announcement, made on May 26, will bring the firm’s total Bitcoin holdings to 1,437 BTC—cementing its role as one of Europe’s most aggressive corporate Bitcoin accumulators.

With Bitcoin currently trading above $109,000, the raised capital could have purchased up to 658 BTC. However, Blockchain Group stated it will allocate 95% of the bond proceeds toward direct Bitcoin purchases. The remaining 5% will cover operational costs and management fees.

The bond sale received strong institutional backing. Crypto venture firm Fulgur Ventures contributed €55.3 million ($62.9 million), and Moonlight Capital added €5 million ($5.7 million). The bonds are convertible into shares at a price of €3.809 ($4.34) per share.

The company’s bold Bitcoin strategy has significantly boosted its market performance. Since first announcing its BTC acquisition plan in November 2023, Blockchain Group’s stock has surged more than 765% year-to-date—including a 225% spike in the first month alone.

The move reflects a broader trend among public and private firms adopting Bitcoin as a treasury reserve—following similar paths set by MicroStrategy, Sweden’s H100 Group AB, and several U.S.-based firms betting on BTC as a hedge against inflation and fiat debasement.

ALTBG Eyes 1% of Bitcoin Supply by 2032

The Blockchain Group (ALTBG), listed on Euronext Paris—the second-largest stock exchange in Europe—continues to attract investor attention with its aggressive Bitcoin-first treasury model, even amid falling traditional revenues.

According to official filings, ALTBG remains committed to increasing Bitcoin per share using surplus capital and strategic debt. That plan has struck a chord with investors. Since launching its accumulation strategy in early November 2023, ALTBG stock has soared more than 766% year-to-date. A 225% single-month rally followed the firm’s first BTC purchase, with shares climbing from €0.48 to €2.77 before a recent slight pullback.

While Bitcoin gains have fueled stock performance, the company’s core business has seen headwinds. Financials released April 30 show consolidated revenue for FY2024 at €13.86 million ($15.8 million)—down 32.1% from €20.4 million ($23.2 million) in FY2023. However, the firm’s BTC holdings delivered a 709% yield, offsetting its traditional revenue decline.

Looking ahead, ALTBG has laid out an ambitious goal: to acquire 1% of Bitcoin’s total supply by 2032. That would amount to more than 170,000 BTC—positioning the company as one of the largest non-governmental Bitcoin holders worldwide.

Bitcoin Treasuries Grow as Firms Join Accumulation Trend

A growing number of public companies are adopting Bitcoin as a long-term strategic reserve. The so-called “orange pill” strategy is gaining traction among firms seeking alternatives to traditional fiat assets and exposure to Bitcoin’s long-term upside.

Sweden’s H100 Group AB recently announced plans to begin accumulating Bitcoin, joining a wave of corporate entities turning to BTC as a treasury hedge. Earlier this month, U.S.-based Strive Asset Management also confirmed its shift toward becoming a Bitcoin-focused holding company.

This momentum builds on the playbook pioneered by MicroStrategy and now echoed by France’s Blockchain Group and Japan’s Metaplanet. Both companies are raising capital through bond issuances to expand their Bitcoin positions.

While Bitcoin remains volatile, supporters argue its long-term role as a hedge against inflation and its lack of correlation with equity markets make it a compelling treasury asset. Analysts also note that BTC holdings can strengthen corporate narratives, attract younger investors, and align with macroeconomic hedging strategies.