Blockchain Group buys $68 million Bitcoin, boosting corporate BTC adoption in EU

, By Cointelegraph
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Paris-based cryptocurrency firm Blockchain Group has acquired $68 million of Bitcoin, joining a growing wave of European institutions adding BTC to their balance sheets.

data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/france-blockchain-group-buy-590-bitcoin-bond-sale” title=”null”>The Blockchain Group, which claims to be Europe’s first Bitcoin treasury firm, has acquired 624 Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” title=”null”>BTC) for 60.2 million euros ($68.7 million).

The latest acquisition brings the firm’s total holdings to 1,471 Bitcoin, or over $154 million, with a BTC yield of 1,097.6% YTD, the Blockchain Group announced in a June 3 X data-ct-non-breakable=”null” href=”https://x.com/_ALTBG/status/1929786248945979753/photo/1″ title=”null”>post. 

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Blockchain Group buys $68 million Bitcoin, boosting corporate BTC adoption in EU

, Published By Cointelegraph
Blockchain


Paris-based cryptocurrency firm Blockchain Group has acquired $68 million of Bitcoin, joining a growing wave of European institutions adding BTC to their balance sheets.

data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/france-blockchain-group-buy-590-bitcoin-bond-sale” title=”null”>The Blockchain Group, which claims to be Europe’s first Bitcoin treasury firm, has acquired 624 Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” title=”null”>BTC) for 60.2 million euros ($68.7 million).

The latest acquisition brings the firm’s total holdings to 1,471 Bitcoin, or over $154 million, with a BTC yield of 1,097.6% YTD, the Blockchain Group announced in a June 3 X data-ct-non-breakable=”null” href=”https://x.com/_ALTBG/status/1929786248945979753/photo/1″ title=”null”>post. 

Institutional interest has grown since the US…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News
SoftBank invests $40m in Irish fintech firm Nomupay
Next News
Virgin Atlantic, TCS ink seven year partnership to modernise airline’s core system with AI-led solutions
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