The Blockchain Group Acquires $24 Billion in Bitcoin: A Major Institutional Bet

The Blockchain Group, a Paris-based firm, is undertaking a strategic initiative to acquire approximately 260,000 bitcoins worth $24 billion over the next ten years. The investment will be funded through a €342 million share issuance in collaboration with asset manager TOBAM. This move signifies a substantial commitment from institutional investors to Bitcoin as a core treasury asset. The initiative is expected to influence both market liquidity and price movements.