European Bitcoin acquisition strategy

Key Points:* The Blockchain Group raises €63.3 million for Bitcoin acquisition.

• 95% of funds allocated to Bitcoin, 5% for operations.
• Potential increase to 1,437 Bitcoins in holdings. The Blockchain Group Luxembourg SA has issued €63.3 million in convertible bonds, aiming to increase Bitcoin reserves significantly.

This move is part of The Blockchain Group’s ongoing strategy to position itself as a leading Bitcoin Treasury Company, enhancing its digital asset portfolio and potentially raising its Bitcoin holdings to over 1,437 units.

European Firm Challenges Conventional Asset Strategies with Bitcoin Bonds

The Blockchain Group, headquartered in Europe, announced the issuance of €63.3 million in convertible bonds. Alexandre Laizet, the Deputy CEO, emphasized the company’s focus on Bitcoin. Seeking to broaden its strategic assets, The Blockchain Group aims to use 95% of the funds to acquire more Bitcoin, with an additional 5% allocated to operational expenses.

Market analysts see the bond issuance as a strong statement from The Blockchain Group towards Bitcoin adoption. By allocating nearly all raised capital towards acquiring Bitcoin, the company further commits to its treasury strategy. This marks a notable example of institutional trust in cryptocurrencies as viable treasury assets, aligning with broader market trends.

“This first major capital raising operation under the new authorizations voted in the extraordinary general meeting perfectly illustrates our Bitcoin Treasury Company strategy: with a significant conversion premium, and the use of approximately 95% of the amount raised for the acquisition and perpetual holding of Bitcoin, this convertible bond issuance contributes to increasing the number of Bitcoin per share.”

— Alexandre Laizet, Deputy CEO and Director of Bitcoin Strategy at The Blockchain Group

Industry responses included notable endorsements from investors such as TOBAM and Fulgur Ventures. Alexandre Laizet expressed confidence that this step aligns with shareholder interests and Bitcoin adoption strategies, while Ludovic Chechin-Laurans highlighted the potential impact on treasury financing.

Bitcoin Market Surge Aligns with Corporate Investment Trends

Did you know? The Blockchain Group’s decision to convert bonds into Bitcoin is among the first of its kind in Europe. This demonstrates a growing trend of institutional investments into digital currencies as treasury assets.

Bitcoin’s recent activity shows a price of $109,388.75 with a market dominance of 63.28%, per CoinMarketCap. The current market cap stands at 2.17 trillion dollars, while the circulating supply nears its cap with almost 19.87 million coins. The past three months have seen a rise of 23.99%.

Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 00:22 UTC on May 27, 2025. Source: CoinMarketCap The Coincu research team notes that such strategic movements towards Bitcoin accumulation mirror historical bullish patterns, indicating increased sector confidence. As more corporations allocate resources to Bitcoin, potential implications include regulatory adjustments and technological advancements in Bitcoin handling. Increasing cryptocurrency holdings might accelerate industry adoption.