From Cointelegraph.

May 26, 2025 10:08 PM:

Paris-based crypto company Blockchain Group raised 63.3 million euros ($72 million) through a bond sale to add more Bitcoin to its treasury, aiming to buy 590 BTC, increasing total holdings to 1,437 BTC. Venture capital firm Fulgur Ventures invested 55.3 million euros ($62.9 million) for the sale. Bonds convertible into shares at €3.809 ($4.34). The company’s stock price surged 225% after announcing Bitcoin buying plan. Source: Alexandre Laizet.

Blockchain Group listed on Euronext Paris aims to increase Bitcoin holdings over time. Stock price has gained nearly 766% this year and closed down 5.5% at 2.77 euros ($3.16) on May 26. In 2024, company reported over 709% yield from Bitcoin holdings and a decrease of 32.1% in total consolidated revenue compared to the previous fiscal year. Long-term strategy to acquire 1% of total Bitcoin supply by 2032.

A growing number of public companies are buying Bitcoin for long-term gains. Swedish health tech company H100 Group AB and Strive Asset Management announced Bitcoin-buying pivots. Experts speculate on long-term benefits of holding Bitcoin, including hedging against inflation, price appreciation, and lower correlation to equity markets over time. Source: Google Finance.

Read more at Cointelegraph: France’s Blockchain Group to buy 590 Bitcoin after bond sale