The Blockchain Group, Europe’s first Bitcoin treasury firm, is taking a significant step to expand its crypto holdings. This week, the company announced a major convertible bond issuance to be used to purchase Bitcoin.
In total, The Blockchain Group plans to raise €63.3 million through convertible bond issuance. To fund the purchase, The Blockchain Group is issuing BTC-denominated convertible bonds through its Luxembourg subsidiary. Investors subscribing to these bonds will receive shares of the company.
Investors are already jumping into convertible bond acquisition, hinting that the Blockchain Group’s efforts to raise the funds will be successful. Moonlight Capital has already subscribed to €5 million worth, with shares valued at €3.809 each. Meanwhile, Fulgur Ventures has committed €55.3 million, and UTXO Management added €3 million, both purchasing shares at €0.707 each.
This capital will allow The Blockchain Group to acquire an additional 590 BTC, bringing its total potential Bitcoin holdings to 1,437 BTC. So far, the European company owns 620 BTC, ranking in the top 30 largest corporate Bitcoin holdings in the world.
Institutional Bitcoin adoption has been the story of the year so far. Companies like Strategy, Metaplanet, and even Gamestop have shown how Bitcoin can be integrated into corporate treasuries, shifting the narrative around digital assets from speculation to long-term value storage.
Strategy, in particular, has been leading the charge, acquiring sizeable amounts of Bitcoin on a weekly basis. As Bitcoin adoption among corporations grows, the company is solidifying its position as a major player in Europe’s corporate Bitcoin treasury movement.
For readers exploring new exchanges, WEEX is currently offering early users a chance to claim up to 100 USDT just for signing up and verifying — no strings attached.
