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Paris-based Blockchain Group has purchased 624 Bitcoin worth $68.7 million adding to its growing crypto reserves. This move pushes the company’s total holdings to 1,471 BTC valued at over $154 million. Blockchain Group now claims the title of Europe’s first Bitcoin treasury firm highlighting a 1,097.6% year-to-date yield.
Institutional interest in Bitcoin continues to grow across Europe following the US approval of spot Bitcoin ETFs earlier this year. Interest surged further after President Trump’s executive order in March calling for a national Bitcoin reserve using crypto seized in criminal cases. Major European firms like BNP Paribas, 21Shares, VanEck and Bitpanda have shown similar interest along with the Czech National Bank exploring Bitcoin as a reserve asset.
Bitcoin recently hit an all-time high of $112,000 and is expected to consolidate between $103,000 and $108,000 according to Bitget analyst Ryan Lee. Onchain data reveals continued whale accumulation suggesting the bullish trend remains strong and further price dips may offer buying opportunities.
