TechFlow reported on March 27 that The Blockchain Group, Europe's first bitcoin treasury company, confirmed its wholly-owned subsidiary, The Blockchain Group Luxembourg SA, has completed the acquisition of 580 bitcoins for approximately €47.3 million, at a price of around €81,550 per bitcoin. The funds for this purchase came from the issuance of convertible bonds announced by the subsidiary on March 6, 2025.
The Blockchain Group uses "BTC Yield," "BTC Gain," and "BTC € Gain" as key performance indicators (KPIs) for its bitcoin treasury strategy. Launched on November 5, 2024, the strategy has delivered a year-to-date BTC Yield of approximately 709.8%, a BTC Gain of about 283.9 bitcoins, and a BTC € Gain of roughly €23.2 million.
The Blockchain Group and its subsidiary, The Blockchain Group Luxembourg SA, now collectively hold 620 bitcoins, valued at approximately €50.5 million, with an average cost basis of around €81,480 per bitcoin.
