European Firm Accumulates $154 Million Worth of Bitcoin, Signaling Growing Institutional Demand

Blockchain Group, a Paris-based firm, has acquired a substantial amount of Bitcoin, reaching 1,471 BTC worth over $154 million. This purchase aligns with the growing interest from European institutions in utilizing crypto as a strategic asset for their treasuries. The move comes amidst an increasing trend in institutional adoption of Bitcoin and its related strategies across Europe.