Blockchain Group Issues €63M Bond, Buys 590 BTC Near Record Highs

French tech company The Blockchain Group has issued a €63 million convertible bond, a major expansion of their Bitcoin strategy.

Arslan Butt•Tuesday, May 27, 2025•2 min read

Quick overview

The Blockchain Group has issued a €63 million convertible bond to expand their Bitcoin strategy, with 95% of the funds allocated for direct Bitcoin purchases.
They have acquired 590 BTC, bringing their total holdings to 1,437 BTC at an average price of €100,000.
This move aligns with a broader trend of institutional investment in Bitcoin, similar to strategies employed by companies like MicroStrategy.
Bitcoin's price is currently at $109,256, just below its all-time high, fueled by increased institutional confidence.

French tech company The Blockchain Group has issued a €63 million convertible bond, a major expansion of their Bitcoin strategy. According to a press release, the bond is in Bitcoin and convertible into company shares, a hybrid investment vehicle.

Moonlight Capital, Fulgur Ventures and UTXO Management participated in the issuance. The Blockchain Group Luxembourg will use 95% of the funds raised – almost €60 million – to buy Bitcoin directly, they are very bullish.

With this new capital they have bought 590 BTC, total of 1,437 BTC at an average price of €100,000. The remaining 5% will be used for operational costs and management fees of the Bitcoin treasury.

This is similar to what MicroStrategy is doing, known for their aggressive Bitcoin accumulation. The purchase comes at a time when Bitcoin’s realized market cap is at an all time high of $900 billion.

Institutional Confidence Boosts Bitcoin Price

After a weekend dip, Bitcoin is back up amid institutional confidence. The latest rally was fueled by MicroStrategy’s purchase of 4,020 BTC.

Bitcoin is currently at $109,256, just 2.31% below all time high of $111,970. With new players like The Blockchain Group entering the scene, speculation about a new all time high is getting intense.

Other market moves:

Trump Media is reportedly considering a $3 billion investment in Bitcoin.
BlackRock’s Bitcoin ETF is accumulating more and more.
Japan’s Metaplanet is accelerating their Bitcoin buying.

High risk crypto trader James Wynn posted on X, saying Bitcoin is “about to explode” and he’s 40X long.

Bitcoin Strategy Across The Board

The Blockchain Group’s move is a sign of a broader trend among institutions to get exposure to Bitcoin. By issuing a BTC backed bond they are using debt financing to grow their crypto treasury, similar to what other big players are doing.This is a bet on Bitcoin’s future value and it will outperform traditional assets. If Bitcoin keeps going, The Blockchain Group’s move will be right as BTC is about to hit another all time high.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.