The Blockchain Group (ALTBG) has significantly boosted its crypto holdings through a series of strategic partnerships and bold maneuvers. It is a Paris-based technological firm that is in the process of becoming Europe’s very first dedicated Bitcoin Treasury Company. The company has acquired 60 additional BTC for approximately €5.5 million ($6.5 million), boosting its total Bitcoin holdings to 1,788 BTC.

The new holdings are valued at an estimated €161.3 million. This brings the average price per BTC to €90,213.

The Blockchain Group Boosts Its Bitcoin Holdings

The expansion of its Bitcoin Holdings is part of the Blockchain Group’s broader strategy. It includes aggressive share issuance programs as well as high-profile investors. Among its most notable contributors is the Blockstream CEO, Adam Back. He subscribed to over 2.1 million new shares, which injected €1.16 million into the Blockchain Group. French asset management firm TOBAM, a longstanding Bitcoin advocate, also subscribed to 262,605 shares for €143,000, enabling the acquisition of 13 BTC.

Additionally, ALTBG exercised warrants under its “BSA 2025-01” program, issuing over 1.1 million new shares and raising €600,000, which funded the purchase of another 6 BTC. The company further executed an “ATM-type” (At-The-Market) capital increase with TOBAM, raising €4.1 million, which was used directly to buy 41 BTC.

According to company disclosures, The Blockchain Group has recorded a staggering 1,270% year-to-date BTC yield, with a net gain of 508.3 BTC, equivalent to approximately €46.7 million.

Taking its ambitions a step further, ALTBG announced a major share-issuance program valued at up to €300 million ($342.5 million). The program is backed by TOBAM and allows the firm to purchase new shares based on daily market trends. Purchases are capped at 21% of each day’s trading volume, and pricing is pegged to either the prior day’s closing or the volume-weighted average price.

In contrast to typical U.S.-style ATM programs involving brokered sales, TOBAM will act solely in its own interest, with complete discretion over holding or liquidating shares. It will receive no compensation from The Blockchain Group for its participation. If executed in full, the move could dramatically shift TOBAM’s ownership stake from 3% to over 39%.

To facilitate this expansion, a shareholder vote is scheduled for June 10 to potentially increase the capital raise limit to €500 million.

Since initiating its Bitcoin accumulation strategy in November, ALTBG has purchased 1,471 BTC at an average price of $102,507. The company’s “Bitcoins per share” metric (a unique benchmark among corporate BTC holders) continues to climb in line with its strategic objective.

Investors responded positively to the announcement, with ALTBG shares surging 20% in a single day to reach €4.90. The company’s market capitalization is now €543 million, which shows that investors are becoming more confident in its Bitcoin-based business plan. ALTBG’s aggressive entry into Bitcoin-backed financing puts it at the vanguard of a paradigm shift in which digital assets underlie long-term business value. This is happening while traditional treasury models change.

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