€24 Billion Bitcoin Plan Fuels Crypto Market Rally

Europe’s first Bitcoin treasury company, The Blockchain Group, has unveiled a bold $24 billion plan to acquire 260,000 Bitcoin by 2033. This announcement is fueling excitement within the crypto market, with many seeing it as a significant step towards wider cryptocurrency adoption in Europe. The firm’s commitment to integrating Bitcoin into its financial strategy dates back to November 2024, when they became the first company in Europe to make it a core part of their operations. The Blockchain Group views Bitcoin as an essential asset for businesses, similar to a valuable resource rather than a volatile investment. The group’s latest acquisition, buying 580 Bitcoin on March 27th this year, marks its third largest purchase and further highlights their commitment to long-term Bitcoin holdings. This historic move is expected to impact the cryptocurrency industry by showcasing Bitcoin as a prominent treasury asset within European nations.