French bitcoin. Society The Blockchain Group (Altbg) has become in a few months a key player in the hexagonal cryptocurrency ecosystem, mainly thanks to its status as a first European company to have placed Bitcoin at the heart of its financial strategy. And once again, it has just proven it by announcing the acquisition of additional 624 BTC for an amount of 60 million euros. An operation made possible by two successive funds.
- The Blockchain Group has acquired an additional 624 BTC for 60 million euros, strengthening its position in the cryptocurrency sector.
- Thanks to strategic fundraising, the company is now one of the world’s top 25 enterprises in the stock market holding the most bitcoins.
Bitcoin strategy: The Blockchain Group (Altbg) 624 BTC
Society The Blockchain Group (Altbg) is a structure listed on Euronext Growth Paris who presents himself as « The first European group listed on the stock market to have adopted Bitcoin as a cash active ingredient ».
This position allows him to Surf the increase in the BTC Using successive fundraising, as in May, with The issue of convertible bonds for an amount of 55.3 million euros. Or with a reserved capital increase of 6.8 million euros.
All of these operations aim to finance the purchase of bitcoins, and latelythey are therefore 624 BTC Additional who joined the company of the company. An envelope 60.2 million euros has been used for this acquisition, an average price of 89,687 euros per unit.
Following these two financing operations,, The Blockchain Group And its Luxembourg subsidiary now hold a total of 1,471 bitcoins, valued at around 131.9 million euros. This places them at the 24ᵉ of the business ranking listed on the stock market holding the most BTC, according to the classification (not updated) Bitcoin Treasuries.
Society The Blockchain Group (Altbg) therefore continues to surf the increase in Bitcoin and its successive financing operations now allow it to appear in the world top 25. However, it must be recognized that competition promises to be rough, with more and more candidates for business bitcoins from the United States, Europe, But also now from China. Hunting is officially open!