The Blockchain Group in France and the UK’s Smarter Web Company have both added to their Bitcoin reserves. These moves underline a strong belief in the future value of Bitcoin as a strategic asset.
The Blockchain Group confirmed the purchase of 116 more bitcoins. This brings its total to 1,904 BTC, valued at around €172 million. The company made these purchases through two major funding actions. It raised €1 million through a capital increase and €10 million from convertible bond subscriptions.
The proceeds allowed them to buy 11 BTC and 105 BTC, respectively. These deals came together with the support of investors TOBAM and Adam Back. The company carried out these financial moves through its Luxembourg subsidiary.
Bitcoin plan drives company strategy
It did not offer shareholders preferential rights in these transactions. The bond terms allow future conversion into company shares if the share price hits a set target over a 20-day average. The Bitcoin purchases followed the company’s strategy to become Europe’s leading Bitcoin Treasury Company.
It aims to increase the bitcoin per share over time, not just accumulate BTC. The Blockchain Group measures success using three indicators: BTC Yield, BTC Gain, and BTC Euro Gain. These help track the increase in bitcoin holdings, the number of shares, and the euro value gained over time.
Since the start of the year, the company reports a BTC Yield of 1,348.8%, a BTC Gain of about 540 BTC, and a BTC Euro Gain of around €49.7 million. For the recent quarter, the figures include a gain of nearly 102 BTC and €9.4 million.
European banks support Bitcoin custody
Swiss and Luxembourg-based institutions helped complete the Bitcoin purchases and are now holding the BTC. Banque Delubac & Cie and Swissquote Bank Europe ensured the assets’ safe custody using Taurus’s digital infrastructure. The company calculates its BTC per share using a fully diluted model.
This includes all current shares, convertible bonds, and other granted share units. The method helps investors see how much BTC backs each potential share. The Blockchain Group continues to focus on growing its Bitcoin position while also running other operations in AI, data intelligence, and decentralized tech.
Smarter Web Company has also made its bitcoin reserves, though further details remain less. These moves holds another signal that European tech firms see Bitcoin as more than a currency. For them, it’s a long-term strategic store of value.
