France: Blockchain Group will acquire 590 more bitcoins thanks to a fundraising

The wind blows strongly on the Crypto market, and Blockchain Group has just thrown oil… digital. The French company listed in Paris has raised no less than $ 72 million to obtain nearly 590 new bitcoins. A daring, frontal movement, and above all unprecedented in France. While others speak of diversification, blockchain buys the future at a cash price.

An offensive fundraising to accumulate bitcoin

The strategy is clear: of the 63.3 million euros collected via a bond issue, 95 % will be directly injected into BTC. No intermediary, no detour. At this rate, the group plans to add 590 BTC to its reserves, which will then climb to 1,437 BTC in total.

And beware: at the current price of Bitcoin (more than $ 109,000), Blockchain Group could technically buy up to 658 BTC. But the company has chosen to keep a small part for its operations and management fees. A detail? No. A proof of mastery in a strategy that could have appeared blindly maximalist.

Since the group started buying Bitcoin in November 2024, its action exploded by 225 %. And over the year, it is a dizzying +766 % As Cointelegraph reports. Result: what could have passed for a speculative maneuver gradually becomes a real business strategy.

And this strategy is far from improvised. In its annual reportBlockchain Group clearly displayed its ambition: to accumulate 1 % of the global bitcoin supply by 2032. This represents around 170,000 BTC, a monumental target, but which poses a disturbing question: what if having bitcoin became a power criterion for listed companies?

Behind the shine: solid partners, a global movement

Behind the scenes of this operation, there are actors familiar to the crypto sector. Fulgur Ventures invested $ 62.9 million, followed by Moonlight Capital with 5.7 million. The obligations issued are convertible into shares at a price much higher than the current course. Clearly: these investors do not play the short term. They bet on the complete transformation of the company.

And Blockchain Group is not alone on this path. In recent weeks, companies like Metaplanet in Japan or H100 Group AB in Sweden have also taken the famous “orange pill”, joining the closed circle of companies that place Bitcoin at the heart of their cash.

This movement could be a date in France. Few listed companies dare to put their cash in Bitcoin. Even less talk about it. Blockchain Group not only the fact, but claims it. In the middle of a period of economic uncertainty, this decision sends a clear signal: for some, Bitcoin is no longer a speculative bet – it is a rampart, even a compass.

So, a simple fashion effect or a real paradigm change? One thing is certain: the starting signal has been given. And those who still hesitate on the platform could well see the train moving away … Locked up with bitcoins, even if the rally is currently held back by unexpected profits.