🚀 $72M Bonds Fuel Blockchain's Bitcoin Strategy
The Blockchain Group, based in France and focused on Bitcoin strategies, announced it has raised €63.3 million ($72 million) through convertible bonds to boost its Bitcoin purchases. The Group aims to add around 590 BTC, increasing its total to over 1,400 BTC. Earlier in March, they had already acquired 580 BTC as part of this strategy. The company's share price has notably doubled since. The Group plans to grow its subsidiaries while continuing its Bitcoin accumulation approach. Other firms like Strategy, Metaplanet, and GameStop have similar strategies, with Strategy holding 580,250 BTC, worth $63 billion. Disclaimer: The Block is an independent media outlet, with Foresight Ventures as a majority investor, who also invests in crypto firms. Bitget is a key LP for Foresight Ventures. The Block remains independent to provide unbiased information.
FAQ
❓ What is The Blockchain Group's recent financial move?
They issued $72 million in bonds to increase their Bitcoin purchases.
❓ How many Bitcoins does The Blockchain Group aim to hold?
They aim to have over 1,400 BTC by acquiring an additional 590 BTC.
❓ Which other companies follow a Bitcoin accumulation strategy?
Strategy, Metaplanet, and GameStop also follow this strategy.