PARIS, May 26: The Blockchain Group S.A. (France: ALTBG), a European leader in Bitcoin treasury management, has completed a major fundraising round.
The company announced it raised approximately €63.3 million through a convertible bond issuance to expand its Bitcoin holdings. As a result, the firm purchased 590 BTC, raising its total Bitcoin reserve to an estimated 1,437 coins.
The funding attracted strong institutional support: €55.3 million from Fulgur Ventures, €5 million from Moonlight Capital, and €3 million from UTXO Management’s OCA Tranche 2.
The bonds come with a five-year maturity. Swissquote Bank Europe is responsible for the custody of the newly acquired digital assets. This highlights the company’s commitment to secure and strategic asset management.
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Bitcoin Surges Past $109K Amid Strong Institutional Inflows Led by The Blockchain Group
May 27: Bitcoin rebounded strongly last week, driven by institutional inflows. The Blockchain Group played a major role in this upward trend.
CoinShares reported Bitcoin saw around $2.97 billion in net inflows, outpacing the altcoin market and boosting BTC assets under management. Total AUM reached approximately $158.3 billion, marking a key milestone in Bitcoin’s recovery.
Spot Bitcoin ETFs contributed most of the capital, accounting for nearly $2.75 billion in inflows. Regular Bitcoin purchases, including weekly acquisitions, have strengthened market momentum.
Institutional demand, led by firms like The Blockchain Group, helped drive the price upward. For the first time, Bitcoin closed the week above $109,000.
This aligns with a rising trendline formed over the last two months, signaling renewed long-term investor confidence.
Conclusion
Bitcoin’s rally shows the increasing impact of institutional investors on digital asset markets. The Blockchain Group’s strategic actions reflect this trend.
With spot ETF inflows at record highs, market sentiment remains strong. As economic and regulatory conditions shift, institutions may continue driving Bitcoin’s growth.