The purchases of Bitcoin by Blockchain Group
The first known purchase of BTC by the company dates back to November 2024, when it managed to buy 15.
In December, it had brought the number of Bitcoin held to 40, and until a few days ago, it had stopped there.
The by far main purchase is the one announced yesterday, which increases the number of BTC held from 40 to 620.
The average purchase cost is about $87,000, but obviously it is strongly influenced by having made it yesterday.
At this moment, it has a market capitalization of about 50 million dollars, compared to a value of BTC held of almost 54 million.
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The French company declares to adopt “BTC Yield“, “BTC Gain” and “BTC € Gain” as key performance indicators (KPI) for its strategy launched in November.
For now, it has achieved an annualized BTC Yield of about 710%, with an average annual increase of Bitcoin of about 284 BTC, and an annual increase in euros of about 23 million.
The purchases were made by issuing a convertible bond announced on March 6, 2025, as part of the acceleration of its Bitcoin Treasury Company strategy.
Therefore, the strategy is based on the issuance of debt securities to raise euros to be allocated for the purchase of BTC.
The goal, in fact, is solely to increase the number of BTC held per share, also because currently, with over 86 million shares in circulation, 620 BTC is not much.
Thanks to all this, Blockchain Group has become the first true European Bitcoin Treasury Company, after Strategy (formerly MicroStrategy) in the USA and Metaplanet in Japan.
The French company should not be confused with Blockchain.com, an American company that has nothing to do with Blockchain Group and that operates a famous crypto platform.
“To rigorously discuss the constitution of a sovereign reserve of bitcoin value is in the public interest and will be decisive for our prosperity. After all, bitcoin is digital gold, the gold of the internet.”
Not only that, Guerra also highlighted the characteristics of the cryptocurrency, such as its digital and deflationary scarcity, unlike government currencies, which can be printed and inflated.
Specifically, Guerra emphasized the value of Bitcoin as a transactional tool and as a store of value.
“It is a technology that allows us to transfer wealth from one end of the planet to the other with agility and to preserve the fruits of our labor efficiently and securely,”
The intervention of Guerra came during the inauguration ceremony of the new President of the FPBC (Fronte Parlamentare per il Brasile Competitivo).
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