Europe’s First Bitcoin Strategy Adopter Makes Its Biggest BTC Purchase Ever!
While Bitcoin (BTC) purchases continue among institutions, led by major institutional bull MicroStrategy (Strategy), another buying news came from Europe.
Accordingly, Paris-based The Blockchain Group, known as Europe’s first Bitcoin (BTC) treasury and traded on Euronext Growth Paris, made another Bitcoin purchase.
The Blockchain Group purchased 624 BTC for approximately 60.2 million euros ($68.7 million), making it its largest purchase since launching its Bitcoin accumulation strategy.
Blockchain Group announced in a post from its X account that with the latest purchase, the company’s total assets increased to 1,471 Bitcoin and over $154 million, and the BTC return was 1,097.6%.
The US broke new ground by approving spot Bitcoin ETFs in January 2024. At this point, institutional interest in Bitcoin has increased since the US introduced the first and fully regulated BTC investment vehicles for traditional investors, while US President Donald Trump’s announcement of a plan to create a Bitcoin reserve has also increased institutional appetite.
*This is not investment advice.
