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Strong move for Bitcoin strategy: Giant purchase from French company
The France-based technology company The Blockchain Group announced that it has purchased 624 Bitcoin worth approximately 69 million dollars (BTC). This purchase has been recorded as the company's largest Bitcoin investment to date.
According to a statement from the company, the total Bitcoin holdings of The Blockchain Group and its subsidiary The Blockchain Group Luxembourg SA have reached 471 BTC. These BTCs were acquired at a cost of $102,300 per unit, for approximately $150 million.
In a statement made by company officials, it was stated that "The Blockchain Group continues to strengthen its Bitcoin accumulation strategy while enhancing the operational activities of its subsidiaries."
Following the announcement, the company's shares started the day with an increase in Euronext Growth Paris. The share price, which opened at €3.18 this morning, later rose to €3.48. At the time of writing, the company's shares are trading at 3.35 euros.
Published: June 3, 2025 15:58Last Updated: June 3, 2025 15:59