- France’s The Blockchain Group bought 580 BTC for €47M
- The transaction was through The Blockchain Group Luxembourg SA
- Trading and custodial services through Swissquote Bank Europe SA
France-based The Blockchain Group bought 580 BTC for €47M, investing in its Bitcoin Treasury Company strategy. This transaction was through The Blockchain Group Luxembourg SA, with trading and custodial services represented by Swissquote Bank Europe SA.
More About The Blockchain Group’s Massive Purchase
We have seen a massive purchase by a European player, although we see it more often from American players. Nevertheless, while American players like BlackRock are expanding to Europe, local ones are becoming more active, as evidenced by the purchase report The Blockchain Group bought 580 BTC for €47M.
They back up their chosen Bitcoin Treasury Company strategy with specific KPIs like BTC Yield, BTC Gain, and BTC € Gain. They also indicate the size of their current savings, which are quite impressive, namely a total holding of 620 BTC at a value of €50,560,770.
- The Blockchain Group currently holds 620 BTC, worth ~€50.5 million
- The latest acquisition (March 2025): 580 BTC for ~€47.3 million at ~€81,550/BTC
- Average BTC acquisition price: €81,480 per BTC
- BTC Yield (YTD): +709.8% — reflects growth of BTC per share
- BTC Gain (YTD): +283.9 BTC — theoretical increase based on yield
- BTC € Gain (YTD): ~€23.15 million — BTC Gain x acquisition price
- Fully Diluted Shares Outstanding: 186.4 million shares
- BTC per Fully Diluted Share: 332 sats (0.00000332 BTC)
Conclusions
We already have Microstrategy in the US, the so-called “Japanese Microstrategy” Metaplanet, and some label The Blockchain Group as the European one. Perhaps we will indeed see a consistent and sustainable strategy on their part and they will justify this status, especially if the EU remains ambiguous about crypto regulations.
Stay tuned for updates, be adaptive in the rapidly evolving financial and crypto landscape, and keep your strategy grounded, balanced, and beneficial.
