The Blockchain Group increased its holdings by 182 Bitcoins, with a total holdings value exceeding 170 million USD.

Gate News bot news, the Bitcoin asset management company The Blockchain Group listed in Paris (ALTBG) stated that it has invested 17 million euros (approximately 19.6 million USD) to purchase 182 Bitcoins, bringing its total holdings to 1,653 Bitcoins, valued at nearly 149 million euros (171 million USD).

Before this purchase, the company issued a series of convertible bonds totaling more than 18 million euros, subscribed by UTXO Management, Moonlight Capital, Ludovic Chechin-Laurans, and the asset management company TOBAM. The company also converted warrants into nearly 3 million shares of common stock, raising 1.6 million euros to purchase Bitcoin.

The latest increase was made through the European branch of Swiss private bank Reyl and Banque Delubac, and was custodized by Swiss digital asset infrastructure provider Taurus. The latest round of purchases has raised the company’s average cost basis for Bitcoin to around €90,000 per coin.

On Wednesday morning, The Blockchain Group’s stock price on the Euronext Paris fell by 2.1% to €4.895.

Source: CoinDesk

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HighYieldUltra-Stablevip
· 06-18 09:37
BTC is buying, buying, buying. Watch me buy, buy, buy BTC and achieve financial freedom.
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