Paris-based Blockchain Group aims to acquire a 1% stake in the total Bitcoin supply
The Blockchain Group: Europe's First Bitcoin Treasury Company
The Blockchain Group, a European company based in Paris, has been making headlines with its bold Bitcoin-focused strategy. Originally a company trying to do 'something with blockchain', The Blockchain Group (ALTBG) has transformed into a 'Bitcoin treasury company' under the leadership of Vice-CEO Alexandre Laizet.
In November 2024, The Blockchain Group announced its strategic pivot, aiming to acquire around one percent of all Bitcoins in existence over the next eight years. This decision has significantly impacted the company's direction and performance.
The Blockchain Group employs unique metrics such as 'BTC Yield' and 'BTC Gain' to assess its strategy, similar to MicroStrategy. 'BTC Yield' refers to the growth of Bitcoin per share, and 'BTC Gain' measures the growth of Bitcoins in the company's treasury, with 'BTC € Gain' expressing the same value adjusted for the Bitcoin price in euros.
Since the start of its Bitcoin-focused strategy, The Blockchain Group's BTC Yield has multiplied, reaching an impressive 709.8 percent by the end of the first quarter of 2025. The company's BTC Yield has been on a steady incline, with a 141.2 percent growth in the fourth quarter of 2024.
The Blockchain Group's ambitious plan to amass Bitcoins has been funded through various means. In early March, the company issued its first convertible bonds to the tune of 48.6 million euros. The company aims to raise up to 100 billion dollars in capital to hold up to 260,000 Bitcoins.
The Blockchain Group's Bitcoin-focused strategy has positively impacted its balance sheet. Assets have increased by about one percent since the end of 2023. Each share in The Blockchain Group is now backed by 332 Satoshis, the smallest unit of Bitcoin.
The Blockchain Group's platform, Eniblock, has also expanded beyond its initial healthcare sector focus. It now includes enterprises, insurance companies, and the aviation industry. Eniblock recently launched a platform for NFTs, further diversifying its offerings.
The Blockchain Group has also collaborated with metaverse companies, integrated DeFi, migrated to Polygon, and used Hyperledger Fabric, Tezos, and more. These collaborations and integrations demonstrate The Blockchain Group's commitment to staying at the forefront of blockchain technology.
Despite a dip in its stock price, The Blockchain Group has recovered swiftly. The stock price fell from 2 euros at the end of 2020 to a low of 10 cents, but it has since rebounded and now sits at 1.14 euros.
The mastermind behind The Blockchain Group's strategy to acquire one percent of all Bitcoins within the next eight years is Tyler Robinson, the founder or board member of the company. Under his leadership, The Blockchain Group has become Europe's first Bitcoin Treasury Company, trading under the ticker symbol ALTBG on the Paris Stock Exchange.
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