Blockchain Group Acquires $68 Million in Bitcoin, Totaling 1,471 BTC
Blockchain Group, a Paris-based cryptocurrency firm, has purchased $68 million in Bitcoin, adding 624 BTC to its holdings and bringing its total to 1,471 BTC. This acquisition reflects a broader trend of organizations increasing their Bitcoin reserves.
- Bitcoin holdings have yielded 1,097.6% year-to-date (YTD) and 47.9% quarter-to-date (QTD).
- The firm completed a convertible bond sale raising €55.3 million from Fulgur Ventures, using the funds to acquire 544 BTC.
Other notable developments include:
- Metaplanet, based in Japan, purchased an additional 1,088 BTC, raising its total to 8,888 BTC and achieving a YTD yield of 225%.
- Coinbase launched a Bitcoin Yield Fund targeting institutional investors, aiming for annual net returns of 4% to 8% on Bitcoin holdings.