Blockchain Group Issues €63 Million Bond to Expand Bitcoin Holdings

The Blockchain Group, a Paris-based company, has raised €63 million through a bond issuance to increase its Bitcoin holdings. The investment was led by Fulgur Ventures and Moonlight Capital. This funding will be primarily directed towards purchasing Bitcoin. 95% of the bonds’ total value (€63.3 million) is allocated for acquiring BTC, which translates to approximately 590 to 658 Bitcoin based on current market prices. The remaining funds will be allocated to operational activities.