The French Blockchain Group again uses Bitcoin (BTC). With a new purchase worth tens of millions of euros, the company continues to build its digital reserves. The question is whether this approach is future -proof now more companies are taking a similar course.
Financing bonds Bitcoin purchase
Europe’s first ‘Bitcoin Treasury firm’, listed on Euronext Growth Paris, has bought about $ 19.6 million, or more than 17 million euros, from Bitcoin. This adds 182 BTC to the reserves. The total now comes to 1,653 BTC, with a market value of more than $ 170 million.
The purchase was completed on Tuesday and was funded through the issue of convertible bonds worth almost 18 million euros. The investors in this round include Utxo Management, Moonlight Capital, Tobam and Ludovic Chechin-Laurans. The banks involved in the implementation of the transaction were Banque Delubac & Cie and Swissquote Bank Europe SA. The Bitcoin storage is in the hands of the Swiss Taurus.
Blockchain Group reports that in 2025 it achieved a Bitcoin return of 1,173 percent. This figure shows how the number of Bitcoin has grown in proportion to the total number of shares. Since the beginning of this year, the 469 BTC company added to the balance sheet and reported the more than 49 million dollars in value increase.
The average purchase price of the bitcoins that Blockchain Group owns is around $ 103,000 per BTC. That is just lower than the current Bitcoin course of around 104,000 dollars. The company hints to purchase another 70 BTC soon. The reserves could therefore amount to more than 1,720 BTC.
26 stock market companies bought BTC last month
It is striking that the share of Blockchain Group is still 3.9 percent lower today. This is despite the increased bitcoin reserves. The company wants to raise another 300 million euros with a new share issue in the future. With that money it wants to invest further in the digital currency.
The Strategy of Blockchain Group fits into a wider trend. In the past month, at least 26 listed companies have added Bitcoin to their balance, according to figures from Bitcointreasuries.
Yet critics warn that some companies do not choose Bitcoin from strategic insight, but as a last resort. According to experts such as Fakhul Miah from Gomining Institutional, smaller companies that follow this example often lack good risk management.
For example, Standard Chartered states that half of these companies can get into trouble if the Bitcoin rate drops below $ 90,000. That could lead to forced selling and possibly damage the image of Bitcoin.
Source: https://newsbit.nl/frans-techbedrijf-vergroot-bitcoin-schatkist-met-nieuwe-miljoenenkoop/
