The Blockchain Group Boosts Bitcoin Treasury with 620 BTC

The Blockchain Group has made a significant move in its Bitcoin accumulation strategy by purchasing 580 BTC. This marks the company's third and largest acquisition so far.

Europe’s first Bitcoin Treasury Company, The Blockchain Group, has reportedly made its third and largest purchase of 580 BTC at an average price of €81,550 ($87,874) for a total transaction value of approximately €47.30 million.

The company’s subsidiary, The Blockchain Group Luxembourg SA, completed the purchase, which was funded by convertible bonds issued by the parent organization as announced on March 6, 2025.

This acquisition is part of The Blockchain Group’s broader strategy to build up its Bitcoin investment base as its core financial approach for the long term. The company, which also operates subsidiaries focused on data intelligence and artificial intelligence (AI) as well as decentralized technology consulting, is placing a strong emphasis on cryptocurrency integration into its operations.

As Europe’s first Bitcoin Treasury Company, The Blockchain Group is monitoring its progress through key performance indicators (KPIs). Following this latest purchase, The Blockchain Group now holds 620 BTC, which is valued at €50.5 million. The average price of Bitcoin at this stage of the purchase is $81,480, although the company is deploying a long-term strategy for accumulating the cryptocurrency.

This acquisition marks a significant milestone in The Blockchain Group’s goal of increasing its share-based Bitcoin holdings. The company is investing in Bitcoin accumulation because it believes this strategy will enhance their financial position over time.

The Blockchain Group engaged Swissquote Bank Europe SA as its virtual asset service provider (VASP) for the purchase. Notably, Swissquote Bank is registered as a VASP by the Luxembourg financial supervisor CSSF.

The acquired Bitcoin will be secured through Taurus, a Swiss digital infrastructure provider and a leading company in this space. Safeguarding BTC holdings depends on advanced security solutions, which Taurus will provide to ensure The Blockchain Group can store its Bitcoin assets securely.

The Blockchain Group’s chief executive officer (CEO), Alexandre Laizet, expressed his strong belief in the future prospects of Bitcoin. The company is following in the footsteps of Bitcoin advocates Simon Gerovich, CEO for Strategy at Metaplanet, and Michael Saylor, the CEO of software company MicroStrategy.

Several corporate executives around the world are actively promoting Bitcoin as an essential component of business financial operations. However, Laizet issued a note of caution to companies that fail to include Bitcoin in their financial reporting.

He believes companies that avoid Bitcoin may face a disadvantage and become like stablecoins, which tend to lose their value quickly.

The Blockchain Group now ranks 28th among corporate Bitcoin owners, although BTC has lost some value since late 2024.

Over the last six months, The Blockchain Group’s stock value has increased by 300%, in contrast to a 7% rise in the CAC40 index, which tracks the top 40 companies in France. For context, Bitcoin itself has risen by 30% over the same period.

This accumulation strategy appears to be working well for companies that are able to build up their treasury holdings.

With its increasing Bitcoin holdings and operations in Luxembourg, a central European financial hub, The Blockchain Group is positioning itself as a major cryptocurrency supporter in European financial markets.