France-based crypto firm The Blockchain Group (ALTBG) has significantly expanded its Bitcoin holdings, acquiring 624 BTC through two major funding rounds and increasing its total reserves to 1,471 BTC.
On May 20, 2025, the company raised €6.8 million via a private equity offering and used it to purchase 80 BTC. Just days later, on May 26, it secured an additional €55.3 million through a fully subscribed convertible bond issuance led by Fulgur Ventures, acquiring 544 BTC.
Following these acquisitions, the combined Bitcoin holdings of The Blockchain Group and its Luxembourg-based subsidiary are now valued at approximately €131.9 million, with an average acquisition cost of €89,687 per BTC. Since the beginning of 2025, the company has seen an impressive 1,097.6% return on its Bitcoin portfolio, with an increase of 439 BTC and a €42.3 million gain in value—solidifying its position as one of Europe’s leading corporate Bitcoin holders.
