French firm buys 580 BTC
The Blockchain Group, a French holding company, has acquired 580 Bitcoin (CRYPTO:BTC) for approximately €47.3 million ($50.8 million), expanding its treasury holdings to 620 BTC.
The purchase, executed at an average price of €81,550 per BTC, aligns with the firm’s strategy to transition into a Bitcoin-focused treasury company.
“The Blockchain Group has acquired 580 BTC for ~€47.3 million at ~€81,550 per bitcoin and has achieved BTC Yield of 709.8% YTD,” Deputy CEO Alexandre Laizet announced via X, revealing the acquisition.
The metric reflects a notional increase of 283.9 BTC and a euro-denominated gain of €23.15 million, calculated using new performance indicators like BTC Yield and BTC Gain.
The deal was facilitated through Swissquote Bank Europe SA, with custody provided by Taurus.
Laizet described the firm as “Europe’s First Bitcoin Treasury Company,” adopting a strategy launched in November 2024 to prioritise Bitcoin accumulation over traditional financial returns.
“BTC Yield, BTC Gain, and BTC € Gain have arrived in France,” Michael Saylor, Executive Chairman of Strategy (formerly Microstrategy), acknowledged the move.
Laizet credited Saylor’s leadership and Bitcoin advocates Dylan LeClair and Gerovich for influencing their approach.
The Blockchain Group’s stock (ALTBG) has surged 225% since initiating its Bitcoin strategy, reflecting investor confidence in the pivot.
However, the firm’s reliance on debt financing and focus on Bitcoin-specific metrics—rather than traditional profitability—sets it apart from conventional corporate treasuries.
While the 709.8% BTC Yield figure highlights Bitcoin’s price appreciation, critics note it excludes operational costs and market risks.
The strategy mirrors trends of companies using Bitcoin as a reserve asset, though The Blockchain Group’s execution remains distinct in its European context.
Laizet’s emphasis on Bitcoin-denominated growth underscores a broader shift toward alternative financial frameworks.
Whether the model sustains long-term viability remains uncertain, but the firm’s transparency in tracking Bitcoin-specific metrics offers a case study for crypto integration in corporate finance.
At the time of reporting, the Bitcoin (BTC) price was $87,476.75.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
