Blockchain Group | Crypto

The Blockchain Group on June 10 won shareholder approval to raise more than €10 billion ($11 billion) for additional Bitcoin (BTC) purchases effective immediately, formalizing a proposal first aired one day earlier. During an ordinary and extraordinary general meeting, investors holding 39% of voting rights backed every resolution with support exceeding 95%, according to a […] The post Blockchain Group wins approval for $11B raise to execute aggressive Bitcoin acquisitions appeared first on CryptoSlate.

Paris-based Blockchain Group acquired $68 million in Bitcoin, bringing its total holdings to 1,471 BTC amid rising institutional interest in crypto treasury strategies. Paris-based cryptocurrency firm Blockchain Group has acquired $68 million of Bitcoin, joining a growing wave of European institutions adding BTC to their balance sheets. The Blockchain Group, which claims to be Europe’s first Bitcoin treasury firm, has acquired 624 Bitcoin (BTC) for 60.2 million euros ($68.7 million). The latest acquisition brings the firm’s total holdings to 1,471 Bitcoin, or over $154 million, with a BTC yield of 1,097.6% YTD, the Blockchain Group announced in a June 3 X post.  Read more