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The Blockchain Group just bought an additional 60 BTC, increasing their total holdings to 1.788 BTC.
The Blockchain Group ( just bought an additional 60 BTC at a price of 5.5 million euros )approximately 5.885 million USD(, bringing the total amount of Bitcoin held to 1,788 BTC, valued at approximately 161.3 million euros )equivalent to 172.591 million USD(. This move reflects a strategic shift in European corporate finance, as Bitcoin has recorded a yield of 1,270.7% year-to-date, far surpassing traditional asset classes.
The average buying price is 91,879 euro/BTC ) about 98,310 USD(, higher than the current average category price of 90,213 euro )96,528 USD(, reflecting confidence in the long-term potential of Bitcoin. According to research, companies like MicroStrategy have achieved a yield of 20% from Bitcoin in 2024, reinforcing the trend of viewing Bitcoin as a core asset on the balance sheet.