European Bitcoin Treasury Firm Surpasses 1,900 BTC as Yield Soars
The Blockchain Group (ALTBG), a European bitcoin treasury firm, has announced the purchase of 116 BTC for roughly €10.7 million ($12.51 million), boosting its total bitcoin holdings to 1,904 BTC.
This latest expansion follows several capital initiatives, including an “ATM-style” capital raise and a convertible bond issuance, both finalized in early July 2025.
ALTBG has delivered a remarkable year-to-date BTC yield of approximately 1,348%, highlighting the success of its treasury management strategy.
Prominent investors, including TOBAM and Adam Back, participated in the company’s recent fundraising efforts. Their contributions funded the purchase of 11 BTC for about €1 million ($1.17 million) and an additional 105 BTC for nearly €9.8 million ($11.47 million).
The company’s average bitcoin acquisition cost sits around €90,332 ($105,688) per BTC, bringing the total value of its bitcoin reserves to approximately €172 million ($201.24 million).
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