The Blockchain Group announced the acquisition of 25 Bitcoins (BTC) for a total investment of €2.263 million ($2.395 million). This move aligns with its “Bitcoin Treasury Company” strategy, first revealed on November 5, 2024.
The Blockchain Group announces the acquisition of 25 #Bitcoin at a cost of €0.090M for a total amount of €2.263M.
Please see below the official announcement from today, December 5: https://t.co/RxXdSuVbpY pic.twitter.com/UmvADrArUx
— The Blockchain Group (@_ALTBG) December 5, 2024
The Blockchain Group Strives For Long-term Holdings
The acquisition was executed as a market order at a spot price of €0.090 million per Bitcoin. Banque Delubac & Cie, a digital asset service provider (DASP) registered with the French Financial Markets Authority (“Autorité des Marchés Financiers”, “AMF”), facilitated the transaction.
The Swiss Company Taurus, a recognized leader in digital asset infrastructure, will provide the asset custody.
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This strategic acquisition highlights the group’s commitment to accumulating Bitcoin as a long-term reserve asset. The initiative led by Alexandre Laizet, Deputy CEO and Director of Bitcoin Strategy, strives to enhance shareholders’ value by increasing Bitcoin holdings per share over time.
The Blockchain Group specializes in data intelligence, AI, and decentralized technologies. By integrating Bitcoin into its financial strategy, the company reinforces its belief in the future of digital assets.
This move shows a growing trend among corporations and institutions exploring Bitcoin as a hedge against economic volatility and inflation. As blockchain technology continues to evolve, The Blockchain Group’s proactive approach positions it at the forefront of the digital asset revolution.
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Also Read: Breaking: Worksport to Buy Bitcoin & XRP for Corporate Treasury Reserve
