Bitcoin Bonanza: How One Company Became the King of Crypto in Europe! 💰👑

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In the grand tapestry of European finance, a curious thread has emerged, woven by none other than The Blockchain Group, the first of its kind to don the crown of a Bitcoin Treasury. With a flourish, they have just splurged a staggering 17 million euros on BTC, bringing their treasure trove to a hefty 1,653 BTC. Who knew that digital coins could weigh so much?

In a press release that could make even the most stoic accountant chuckle, The Blockchain Group announced their acquisition of 182 BTC between May 26 and June 12. Most of this shiny new Bitcoin was funded by a recent convertible bond issuance, which, if you’re counting, amounts to about $19.6 million. That’s a lot of euros for a bunch of ones and zeros!

But wait, there’s more! The company proudly proclaimed that their BTC yield has skyrocketed by a jaw-dropping 1,173% this year. Talk about a return on investment that would make your grandmother’s savings account weep with envy!

As if that wasn’t enough to make you raise an eyebrow, they also mentioned that there’s still one subscription left from their previous shares issuance, waiting like a lonely puppy for a home. This subscription, made by the illustrious TOBAM and Adam Back, is worth around $7.31 million, which could snag them another 70 BTC. Because who doesn’t want more Bitcoin, right?

Once those shares are redeemed, the company’s Bitcoin stash could swell to a whopping 1,723 BTC. It’s like a digital treasure hunt, and they’re winning!

As of now, BTC is feeling a bit under the weather, down 1%. The largest cryptocurrency by market cap is trading at $104,490, with a market cap that stands tall at $2.07 trillion. Daily trading volume has also taken a slight dip, down 1% to $33.7 million. It seems even Bitcoin has its off days!

Just a day prior, The Blockchain Group managed to rake in $7.7 million, which they’ve earmarked for more Bitcoin. This funding was secured through an “At-The-Market type” capital raise with asset manager TOBAM, where they issued 1.6 million new shares at an average price of 4.49 euros. It’s like a never-ending game of Monopoly, but with real money!

Since Bitcoin hit a new all-time high in May, corporations have been scrambling like kids in a candy store to acquire more of this digital gold. The Blockchain Group, being one of the early birds, has been accumulating BTC since November 2024, proudly claiming the title of the first European company to establish a Bitcoin Treasury.

And in the latest twist, the Norwegian digital asset firm K33 has announced plans to issue new shares to raise enough capital to snag 1,000 BTC. By June 18, on opening day, they had already received full subscriptions for their new shares. It’s a wild world out there in the land of Bitcoin!

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2025-06-18 15:44