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Paris-based cryptocurrency firm Blockchain Group has acquired $68 million of Bitcoin, joining a growing wave of European institutions adding BTC to their balance sheets.
The Blockchain Group, which claims to be Europe’s first Bitcoin treasury firm, has acquired 624 Bitcoin (BTC) for 60.2 million euros ($68.7 million).
The latest acquisition brings the firm’s total holdings to 1,471 Bitcoin, or over $154 million, with a BTC yield of 1,097.6% YTD, the Blockchain Group announced in a June 3 X post.
Institutional interest has grown since the US…
