TL;DR
- Blockchain Group, a Paris-based company listed on Euronext, has issued €63.3 million in convertible bonds to purchase up to 590 BTC and strengthen its crypto-focused strategy.
- This move has skyrocketed its stock by over 765% in 2025.
- The firm aims to hold 1% of Bitcoin’s total supply by 2032, reaffirming a long-term vision aligned with the growth of the crypto ecosystem.
The French company Blockchain Group, listed on Euronext Paris under the ticker ALTBG, has taken a significant strategic leap toward the massive accumulation of Bitcoin by announcing the issuance of €63.3 million (approximately $72 million) in convertible bonds. This bold and calculated operation, primarily backed by crypto investment funds Fulgur Ventures and Moonlight Capital, is designed to acquire up to 590 additional BTC, bringing their estimated total Bitcoin holdings to 1,437 BTC.
Strategic Investment to Strengthen Bitcoin Treasury
According to the May 26 announcement, 95% of the proceeds from the bond issuance will be directly allocated to purchasing Bitcoin, while the remaining 5% will be used to cover operating costs, administrative expenses, and management fees. With Bitcoin currently trading above $109,000, Blockchain Group could theoretically purchase more than 650 BTC, marking a significant bet on the market’s most robust digital asset.
This move reflects a growing and accelerating trend in which many public companies adopt Bitcoin-centered strategies as a primary reserve asset. Since November, when ALTBG began its BTC acquisitions, the company’s shares have surged by 225%, accumulating a total gain of over 765% so far this year. Financial reports from April show that the company’s BTC holdings have already delivered a return of over 709%, despite the firm experiencing a 32.1% decline in annual revenue compared to the previous year.
Goal: Accumulate 1% of All Existing Bitcoin
The most ambitious aspect of Blockchain Group’s plan is its stated goal to accumulate 1% of the total Bitcoin supply—approximately 170,000 BTC—by 2032. This long-term strategy places the company in alignment with industry giants like MicroStrategy, who see Bitcoin not as a speculative trend but as a superior store of value.
More companies are adopting this vision. Recent examples include Sweden’s H100 Group AB and Strive Asset Management, both of which have incorporated Bitcoin into their financial frameworks. Experts point out that despite its volatility, BTC reserves offer benefits such as inflation hedging, independence from traditional markets, and long-term appreciation potential. Blockchain Group understands this—and its bold move could mark a turning point for crypto adoption across Europe.
