The Blockchain Group has acquired an additional 182 Bitcoin for approximately €17 million ($19.6 million), further expanding its position as Europe’s first Bitcoin treasury company amid accelerating institutional adoption of Bitcoin reserves.

According to a press release issued June 18, the Euronext Growth Paris-listed company completed the purchases through multiple convertible bond issuances totalling over €18 million, subscribed by several investors, including UTXO Management, Moonlight Capital, and asset manager TOBAM.

The acquisitions bring The Blockchain Group’s total Bitcoin holdings to 1,653 BTC, purchased at an average price of €90,081 ($104,000) per coin….

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