The Blockchain Group has completed significant transactions, including acquiring 60 BTC for €5.5 million and increasing its holdings to 1,788 BTC valued at €161.3 million. Key operations include capital raises and share subscriptions by Adam Back and TOBAM. The company reports 1,270.7% BTC Yield YTD and €46.7 million in gains, reinforcing its Bitcoin accumulation strategy.
The Blockchain Group (ISIN: FR0011053636, ticker: ALTBG), a leading player in the field of Bitcoin treasury management, has announced several major milestones, including the acquisition of 60 additional BTC, a successful capital increase, and a significant rise in its overall Bitcoin holdings.
The Blockchain Group, listed on Euronext Growth Paris, has confirmed that its subsidiary, The Blockchain Group Luxembourg SA, has successfully increased its Bitcoin holdings to a total of 1,788 BTC, valued at approximately €161.3 million as of June 30, 2025. This follows a series of strategic acquisitions and capital raises, reinforcing the company’s commitment to its Bitcoin Treasury Company strategy, aimed at expanding its Bitcoin holdings on a fully diluted basis over time.
Final completion of key capital increases and share subscriptions
As part of its continuous growth and strategic capital expansion, The Blockchain Group finalised several notable transactions in June 2025, including:
- Adam Back’s Subscription: The company confirmed that Adam Back, a key figure in the blockchain space, subscribed to 2,126,565 new ordinary shares, at a subscription price of €0.544 per share, totalling €1.16 million. This subscription allows the acquisition of 13 BTC for €1.19 million.
- TOBAM’s Subscription: TOBAM, an investment manager focused on Bitcoin, subscribed to 262,605 new ordinary shares at the same price, contributing €0.14 million. This will facilitate the acquisition of 13 BTC.
- BSA 2025-01 Conversion: The conversion of BSA 2025-01 warrants resulted in 1,101,175 new ordinary shares being issued for a total of €0.6 million, allowing the acquisition of 6 BTC.
- “ATM-Type” Capital Increase with TOBAM: In addition, the company successfully completed the capital increase under its ATM-type program with TOBAM, announced on June 24, 2025, raising €4.1 million and acquiring 41 BTC for €3.8 million.
BTC yield and financial performance
The Blockchain Group has achieved an outstanding BTC yield of 1,270.7% YTD and 69.3% QTD. This performance has resulted in a BTC gain of 508.3 BTC YTD, equivalent to a €46.7 million increase in value. Over the same period, the company’s BTC € gain stands at €39.5 million QTD, further underscoring the strength of its Bitcoin accumulation strategy.
Bitcoin holdings breakdown
As of June 30, 2025, the total value of The Blockchain Group’s Bitcoin holdings, acquired at an average price of €90,213 per Bitcoin, has reached €161.3 million. This positions the company as a prominent player in the Bitcoin treasury management sector, with an overall holding of 1,788 BTC.
Impact on share capital structure
Following these transactions, the company’s share capital distribution (fully diluted basis) stands as follows:
| Shareholder | Number of Shares | % of Capital |
|---|---|---|
| Executives | 18,288,686 | 5.75% |
| Fulgur Ventures | 145,911,009 | 45.87% |
| Adam Back | 34,188,628 | 10.75% |
| TOBAM | 11,297,622 | 3.55% |
| UTXO Management | 7,999,210 | 2.51% |
| Free Shares | 1,880,000 | 0.59% |
| Public & Institutional | 98,544,399 | 30.98% |
| TOTAL | 318,109,554 | 100% |
Ongoing strategy to increase Bitcoin holdings
The company has reiterated its commitment to growing its Bitcoin holdings as part of its long-term strategy, which focuses on increasing the Bitcoin per fully diluted share over time. This strategy continues to be an essential component of the company’s overall vision for expanding its operations in the emerging sectors of data intelligence, AI, and decentralized technology consulting.
The Blockchain Group’s subsidiary, Banque Delubac & Cie, handled the recent acquisition of 60 BTC, using the proceeds from the completed capital increase and the conversion of BSA 2025-01. These funds were also utilised to purchase additional Bitcoin for the company’s treasury, further boosting its position in the digital asset space. The assets are held securely via Swiss company Taurus, a leader in the infrastructure for digital assets.
Summary of Bitcoin acquisitions
- June 30, 2025: 60 BTC acquired at a cost basis of €91,879 per Bitcoin, bringing the total holdings to 1,788 BTC valued at €161.3 million.
- June 23, 2025: 75 BTC acquired at a cost basis of €91,792 per Bitcoin.
With these acquisitions, The Blockchain Group strengthens its position as Europe’s first Bitcoin Treasury Company and continues to build on its impressive track record of BTC yield and gains.
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