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Adam Back-backed The Blockchain Group acquires 580 Bitcoin, its largest-ever BTC buy

The Blockchain Group acquired 580 Bitcoin, raising its total holdings to 620 BTC. This purchase, valued at about 50 million USD, is the largest in the company’s history, funded through a convertible bond executed by Swissquote Bank.

The company initiated its Bitcoin Treasury strategy in November 2024, achieving a year-to-date BTC Yield of 709.8%. Key performance indicators for the strategy include BTC Yield and BTC Gain.

Alexandre Laizet, Deputy CEO, suggests that it will take 10 to 15 years for institutional Bitcoin adoption to become widespread, aiming to enhance shareholder value through accumulating Bitcoin without selling.

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