The Blockchain Group Adds 580 Bitcoins for Around €47M to Its Treasury

With the purchase, The Blockchain Group now holds a total of 620 Bitcoins, valued at around €50.5 million ($54 million).

In an announcement, the company called this an important step in its strategy to increase Bitcoin investments.

Based in Paris, The Blockchain Group is Europe’s first Bitcoin treasury company, with operational activities in AI, decentralised technology, and data intelligence development. It adopted Bitcoin as a strategic reserve asset as part of a long-term strategy.

So far, The Blockchain Group has made three Bitcoin acquisitions: 15 Bitcoins purchased at an average price of €63,700 ($68.572) on November 5, 2024; 25 Bitcoins at an average price of €90,511 ($97,437) on December 4, 2024; and the latest addition of 580 coins.

TBG mentions that similar to Strategy (formerly MicroStrategy) and Metaplanet, it uses “BTC Yield” and “BTC Gain” metrics to measure Bitcoin treasury performance. Its year-to-date Bitcoin yield reached 709%, resulting in a €23.2 million gain.

The Blockchain Group is a publicly traded company listed on Euronext Growth Paris. At the time of writing, its ALTBG stock trades at around €0.48, up 50% over the last month.

Related: Who Holds the Most Bitcoin? January 2025 Update 

Public Companies Holding Bitcoin 

The number of public companies adding Bitcoin to their balance sheets has steadily increased in recent years, reflecting a growing trend of corporate adoption of digital assets. According to data from bitcointreasuries.net, 88 publicly traded companies now hold Bitcoin as part of their strategic reserves.

At the top of the list is MicroStrategy, which continues to be the largest corporate holder of Bitcoin globally. The company currently holds 506,137 Bitcoins, a figure that far exceeds any other public firm. MicroStrategy’s aggressive accumulation strategy has positioned it as a significant institutional player in the Bitcoin market.

Other major corporate holders include:

• MARA Holdings, which holds 46,374 Bitcoins; 
• Riot Platforms with 18,692; 
• Tesla with 11,509; 
• CleanSpark, which owns 11,177 Bitcoins. 

These companies span various sectors, including tech, energy, and cryptocurrency mining, highlighting the broadening appeal of Bitcoin as a treasury asset.

In Europe, The Blockchain Group has emerged as one of the largest Bitcoin-holding companies. While it trails larger U.S. firms in terms of volume, it holds a prominent position regionally. It follows closely behind Germany’s Bitcoin Group SE, which holds approximately 3,605 Bitcoins, and Norway’s Aker ASA, with a reported 1,170 Bitcoins in reserve. 

The Blockchain Group’s recent acquisition of 580 Bitcoins brought its total holdings to 620, further solidifying its presence among Europe’s leading corporate Bitcoin investors.

This growing trend signals a shift in how companies are approaching capital allocation, with some viewing Bitcoin as a hedge against inflation, a long-term store of value, or a strategic financial asset.