What to know:
- The Blockchain Group, in a fit of financial flamboyance, has splurged 17 million euros ($19.6 million) on 182 BTC, bringing their total to a staggering 1,653 BTC. Talk about a digital treasure chest! 💎
- This extravagant acquisition was funded by convertible bond issuances and share warrant conversions. Who knew finance could be so… theatrical? 🎭
- They claim a jaw-dropping 1,173% BTC yield this year, with an average cost basis of 90,000 euros per BTC. Someone call the accountants! 📈
Ah, The Blockchain Group (ALTBG), that Parisian tech darling, has declared itself Europe’s first bitcoin treasury company. They’ve just added 182 BTC to their collection, valued at nearly 149 million euros. Quite the shopping spree, wouldn’t you say? 🛍️
This latest purchase follows a series of convertible bond issuances totaling over 18 million euros, courtesy of UTXO Management, Moonlight Capital, Ludovic Chechin-Laurans, and the ever-so-charming asset manager TOBAM. They also converted share warrants into nearly 3 million ordinary shares, raising another 1.6 million euros for their bitcoin escapades. How delightfully resourceful! 💼
Now, let’s talk yields. The Blockchain Group boasts a 1,173% BTC yield this year. This figure, defined as the ratio of total BTC held to fully diluted shares outstanding, is a rather impressive feat. Other companies may measure their yields differently, but darling, who’s counting? 📊
In comparison, the world’s largest corporate holder of bitcoin, Strategy (MSTR), reported a mere 19.1% BTC yield year-to-date. Metaplanet (3350) managed a respectable 266.07%, while Semler Scientific (SMLR) lagged behind at 26.7%. Oh, the drama of it all! 🎢
The Blockchain Group’s bitcoin was procured through Swissquote Bank Europe and Banque Delubac, and is safely tucked away with Taurus, a Swiss digital asset infrastructure provider. Because, darling, one must always keep their treasures secure! 🔒
With this latest round of purchases, the average cost basis of their bitcoin now sits at about 90,000 euros per coin. Quite the investment, wouldn’t you agree? 💸
However, shares of The Blockchain Group took a slight tumble, falling 2.1% to 4.895 euros in early Wednesday trading on Euronext Paris. Meanwhile, the benchmark CAC 40 Index remained as stable as a well-rehearsed play. 🎭
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2025-06-18 11:58