The Blockchain Group Buys $69 Million Worth of Bitcoin 💰
French tech firm, The Blockchain Group, has successfully acquired 624 Bitcoins, equivalent to approximately €60.2 million or $69 million. This substantial purchase was facilitated through a capital raise and bond issuance.
The Blockchain Group ranks as Europe's first Bitcoin Treasury Company, reportedly achieving a 1,097.6% BTC yield year-to-date. The acquisition indicates a significant shift among European corporations toward Bitcoin treasury adoption, signaling a strong confidence in the cryptocurrency's potential as an investment asset.
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