The Blockchain Group (ALTBG), a technological firm that lies in Paris that is qualified as the first bitcoin in Europe
Treasury Company said he bought 182 BTC for 17 million euros ($ 19.6 million), which carries its total stash to 1,653 BTC valued at almost 149 million euros.
The purchase follows a series of bond emissions convertible by a total of more than 18 million euros, signed by Utxo Management, Moonlight Capital, Ludovic Chechin-Laurans and the Manager of Tobam Assets. It also turned the guarantees of shares into almost 3 million ordinary shares, raising another 1.6 million euros for purchases of Bitcoins.
The company said it achieved a yield of 1,173% BTC so far this year. The metric is defined as the relationship between the total BTC in completely diluted actions in circulation. Several companies use the term to measure how accumulated their Bitcoin acquisition strategy, although they can track the performance in different ways.
Even so, the figure of the Blockchain group stands out. The strategy (MSTR), the world’s largest owner in the world, reported a 19.1% BTC yield throughout the year, while Metaplanet (3350) reported 266.07% and Semler Scientific (SMLR) 26.7%.
The Blockchain Bitcoin was acquired through Swissquote Bank Europe and Banque Delubac, and Taurus, a Swiss digital asset infrastructure provider.
The last purchasing round carries the company’s average Bitcoin cost base to approximately 90,000 euros per currency.
The shares of The Blockchain Group fell 2.1% to 4,895 euros in Wednesday’s early negotiation in Euronext Paris. The CAC 40 reference index was changed little.
