Europe’s First Bitcoin Treasury Just Scored 1,173% Yield With $170M in BTC

• The Blockchain Group took its total holdings to 1,653 Bitcoins, now valued at $170 million, by generating a year-to-date BTC yield of 1,173%.
• The acquisition was financed through convertible bond issuances worth €18 million ($20.7 million), attracting prominent investors like UTXO Management and Moonlight Capital.

Earlier today, on June 18, Paris-based The Blockchain Group announced buying an additional 182 Bitcoins for an investment value of $19.6 million, thereby bringing its total Bitcoin holdings to 1,653 BTC, generating a massive BTC yield of 1,173%. As of the current BTC price of $104,000, the company’s total Bitcoin holdings are now worth $170 million.

The Blockchain Group, which is Europe’s first Bitcoin treasury company, funded its BTC acquisition through a series of convertible bond issuances, worth nearly 18 million euros ($20.7 million), as per the firm’s official announcement on Wednesday.

Prominent investors in the funding round included UTXO Management, Moonlight Capital, TOBAM, and Ludovic Chechin-Laurans. According to the announcement, each investor acquired a distinct portion of the company’s bond offerings.

The Blockchain Group Strikes A Massive 1,173% Bitcoin Yield

Through the increased ratio of its Bitcoin holdings against the diluted share count, The Blockchain Group has generated a year-to-date yield of 1,173%. This is even greater than the 266% BTC yield generated by Metaplanet since the beginning of 2025, as mentioned in our earlier report. Since January, the company has added 469 BTC, generating over $49.4 million in gains from Bitcoin’s value appreciation.

The firm’s average BTC acquisition cost is approximately $103,000 per Bitcoin, below the current market price. With plans to purchase an additional 70 BTC, the company’s reserves may soon reach 1,723 BTC.

Traded under the ticker ALTBG on Euronext Growth Paris, The Blockchain Group’s shares are down 5.5% today, as per Google Finance data. Earlier this month, the company announced a plan to raise €300 million ($342 million) through an “At the Market” (ATM)-style offering to expand its Bitcoin treasury.

The fundraising will occur in tranches, with shares sold at market-driven prices based on the prior day’s close or the volume-weighted average price, capped at 21% of daily trading volume.

Norwegian Firm K33 Plans To Buy 1,000 BTC

In another development, Norway-based crypto asset firm K33 has announced plans to issue a share sale and fundraising round to buy as much as 1,000 BTC.

In a press release, the Norwegian company announced plans to issue new shares to raise at least 85 million Swedish krona (approximately $8.8 million). The subscription price per share has been set at 0.1036 SEK, aligning with the closing price on the Nasdaq First North Growth Market as of June 17.

The funds raised will be allocated to increasing the company’s Bitcoin holdings, with a target of acquiring up to 1,000 BTC. The firm stated that expanding its Bitcoin exposure will help diversify its portfolio, enhance profit margins, and support scalable growth.