The Blockchain Group (ISIN: FR0011053636, ticker: ALTBG), Europe’s first listed Bitcoin Treasury Company and a leader in Data Intelligence, AI, and decentralized technology development, has confirmed the final completion of key capital operations enabling the acquisition of 60 additional bitcoins (BTC) for approximately €5.5 million. This strategic move brings the company's total bitcoin holdings to 1,788 BTC, acquired at an average cost of €90,213 per BTC, with a total acquisition value of €161.3 million.
As of June 30, 2025, the company has achieved a remarkable BTC Yield of 1,270.7% year-to-date (YTD) and 69.3% quarter-to-date (QTD)—a testament to its aggressive and effective capital deployment strategy focused on increasing bitcoin accumulation per fully diluted share.
Strategic Capital Raises Fuel Bitcoin Accumulation
The Blockchain Group has executed a series of structured capital increases and warrant conversions designed to raise funds exclusively for bitcoin acquisition. These efforts underscore its core mission: transforming equity capital into long-term digital asset value.
Completion of OCA Tranche 1 Legal Adjustment Measures
The company finalized the subscription by prominent figures and institutional investors under legal adjustment measures for OCA Tranche 1 holders:
- Adam Back, renowned cryptographer and CEO of Blockstream, subscribed to 2,126,565 new ordinary shares at €0.544 per share, contributing ~€1.16 million.
- TOBAM, a leading European asset manager, subscribed to 262,605 shares at the same price, adding ~€142,857.
These transactions enabled the purchase of 13 BTC for approximately €1.19 million, reinforcing confidence from high-profile stakeholders in the company’s vision.
👉 Discover how institutional capital is reshaping Bitcoin investment strategies.
Conversion of BSA 2025-01 Warrants
On April 7, 2025, The Blockchain Group launched a warrant program (BSA 2025-01), offering seven warrants per existing share to accelerate its Bitcoin strategy. The conversion phase is now complete:
- 7,708,225 BSA 2025-01 warrants were converted into 1,101,175 new shares.
- This generated €599,039.12, funding the acquisition of 6 BTC at a cost of ~€500,000.
This shareholder-driven mechanism exemplifies a decentralized approach to capital formation for digital asset accumulation.
ATM-Type Capital Increase with TOBAM
On June 24, 2025, the company launched an “ATM-type” capital increase program authorized by shareholders, issuing up to €300 million in new shares over time. The first tranche has been successfully completed:
- 800,690 new shares issued at an average price of €5.085 per share.
- Raised €4.07 million, enabling the purchase of 41 BTC for ~€3.8 million.
Investors in this round included:
- TOBAM Bitcoin CO2 Offset Fund
- TOBAM Bitcoin Treasury Opportunities Fund
- TOBAM BTC Linked and Blockchain Equity Fund
- MDP Blockchain
This flexible funding model allows The Blockchain Group to scale its BTC reserves in response to market conditions without significant dilution spikes.
Expansion of Bitcoin Holdings: From 15 to 1,788 BTC
Since its initial purchase in November 2024, The Blockchain Group has systematically increased its bitcoin treasury. Each acquisition reflects disciplined capital allocation and timely execution.
| Date | BTC Acquired | Cost Per BTC | Total Holdings |
|---|---|---|---|
| Nov 5, 2024 | 15 | €63,729 | 15 |
| Dec 4, 2024 | 25 | €90,511 | 40 |
| Mar 26, 2025 | 580 | €81,550 | 620 |
| May 22, 2025 | 227 | €93,518 | 847 |
| Jun 2, 2025 | 624 | €96,447 | 1,471 |
| Jun 17, 2025 | 182 | €93,264 | 1,653 |
| Jun 23, 2025 | 75 | €91,792 | 1,728 |
| Jun 30, 2025 | 60 | €91,879 | 1,788 |
All bitcoin are securely held via Taurus, a Swiss-based leader in digital asset custody infrastructure, ensuring enterprise-grade protection.
Record-Breaking BTC Yield: A New Benchmark in Digital Asset Strategy
The Blockchain Group measures success through unique performance indicators tailored to its Bitcoin Treasury model.
Year-to-Date Performance (YTD)
As of June 30, 2025:
- BTC Yield: +1,270.7%
- BTC Gain: +508.3 BTC
- BTC € Gain: +€46.7 million
This means that for every unit of fully diluted equity outstanding at the start of the year, the company has significantly increased its BTC holdings through strategic financing.
Quarter-to-Date Performance (QTD)
From April to June 2025:
- BTC Yield: +69.3%
- BTC Gain: +429.5 BTC
- BTC € Gain: +€39.5 million
These figures reflect accelerating momentum as capital inflows intensify.
Note: BTC Yield is calculated as the percentage change in BTC per fully diluted share over time. It does not represent traditional financial yield or ROI but illustrates efficiency in converting equity into BTC.
Share Capital Evolution and Investor Confidence
The recent transactions have reshaped the company’s ownership structure while maintaining strong alignment among executives and long-term investors.
Post-transaction shareholding (fully diluted basis):
- Fulgur Ventures: ~45.87%
- Adam Back: ~10.75%
- Public & Institutional Investors: ~30.98%
- Executives: ~5.75%
The capital structure remains dynamic due to potential future conversions:
- Up to 9.26 million shares from unexercised BSA 2025-01 warrants
- Up to 10.63 million shares from pending OCA holder adjustments
👉 Learn how equity financing models are evolving in the blockchain era.
Understanding Key Metrics: BTC Yield, Gain & € Gain
The Blockchain Group uses proprietary KPIs to track progress toward its mission:
🔹 BTC Yield
Measures growth in bitcoins per fully diluted share over time. A rising yield indicates successful capital efficiency in acquiring BTC.
🔹 BTC Gain
Calculated as:
(BTC at period start) × (BTC Yield)
Represents incremental BTC added through financing activities.
🔹 BTC € Gain
Euro value of BTC Gain based on latest acquisition cost.
Example:
439 BTC × €96,447 = €42.3M
⚠️ Important: These metrics are not financial performance indicators. They do not reflect profit, income, or market valuation. They are strategic tools focused solely on equity-to-BTC conversion efficiency.
Strategic Outlook and Operational Continuity
While expanding its bitcoin treasury, The Blockchain Group continues to grow its core business units specializing in:
- Data Intelligence & Analytics
- Artificial Intelligence Solutions
- Decentralized Technology Consulting
This dual-track strategy—operational revenue generation plus strategic BTC accumulation—positions the company as a hybrid innovator in the Web3 ecosystem.
Frequently Asked Questions (FAQ)
What is "BTC Yield" and why is it important?
BTC Yield measures how effectively a company converts equity capital into additional bitcoin holdings over time. It reflects the percentage increase in BTC per fully diluted share. For The Blockchain Group, a high BTC Yield signals strong execution of its core strategy: growing bitcoin reserves faster than share count dilution.
How does The Blockchain Group acquire bitcoin?
The company raises capital through structured equity instruments—including warrant conversions and private placements—and uses the proceeds exclusively to purchase bitcoin via regulated financial partners like Banque Delubac & Cie. Acquired BTC is stored securely using Taurus' institutional custody platform.
Who are the major shareholders?
Key stakeholders include Adam Back (cryptographer), TOBAM (institutional asset manager), Fulgur Ventures (major investor), and company executives. Public and institutional investors also hold a significant portion (~31% fully diluted).
Is The Blockchain Group profitable?
The company generates revenue through its consulting and technology development subsidiaries in AI and decentralized systems. However, its primary strategic focus is on accumulating bitcoin as a long-term store of value rather than short-term dividend distribution.
Does holding shares mean I own bitcoin directly?
No. Shareholders own equity in The Blockchain Group, not direct ownership of its bitcoin holdings. The value of shares may trade at a premium or discount to the underlying BTC value depending on market sentiment, liquidity, and broader economic factors.
Are these results sustainable?
Past performance does not guarantee future results. The company’s ability to maintain positive BTC Yield depends on continued access to capital markets, favorable bitcoin pricing environments, and effective execution of its financing strategy.
👉 Explore platforms where you can track real-time digital asset movements and market trends.
Core Keywords Integrated:
- Bitcoin Treasury Company
- BTC Yield
- BTC Gain
- Bitcoin acquisition strategy
- Equity financing for crypto
- Institutional Bitcoin investment
- Fully diluted shares
- Digital asset custody
With a clear roadmap and proven execution capability, The Blockchain Group continues to set benchmarks for publicly traded companies embracing bitcoin as a core treasury reserve asset.