Catenaa, Tuesday, May 27, 2025- The Blockchain Group, a France-based tech and consulting firm, has completed a $72 million (€63.3 million) bond issuance to accelerate its Bitcoin accumulation strategy, the company announced yesterday, Monday 26.
The firm said proceeds from multiple convertible bond offerings will be used to purchase approximately 590 additional bitcoins.
That would bring its total holdings to over 1,400 BTC. The Blockchain Group had earlier acquired 580 BTC in March, marking its largest purchase since adopting a Bitcoin-focused treasury strategy.
Company officials stated that while it continues to expand its digital asset reserves, it also plans to grow the operational output of its subsidiaries.
The company’s stock price has more than doubled on Euronext since it began its crypto treasury campaign.
The Blockchain Group joins a growing cohort of public firms leveraging Bitcoin as a balance sheet asset. Other notable corporate adopters include Strategy, Metaplanet, and GameStop. Strategy currently holds 580,250 BTC, valued at approximately $63 billion.
The move underscores the accelerating trend among corporations to pivot toward digital assets amid inflationary concerns and tightening monetary conditions globally. It also reinforces Bitcoin’s emerging role as a long-term store of value within institutional portfolios.
The firm’s bond issuance and subsequent BTC purchase plan comes amid heightened scrutiny of crypto markets in Europe, where regulators continue to shape policy frameworks around digital assets.
