Parisian Blockchain Collective Aims to Acquire 1% of Total Bitcoin Supply
The Blockchain Group, a publicly-traded French company with the ticker symbol ALTBG, has announced a significant shift in its strategy, aiming to become a "Bitcoin Treasury Company." This move aligns strongly with the standards set by MicroStrategy.
The company's initial focus will be on launching an NFT platform called Eniblock, targeting healthcare, businesses, insurers, and eventually aviation. However, the success of its bitcoin strategy has led to a shift in focus, with other business areas taking a backseat.
The Blockchain Group's strategy revolves around data collection (Trimane), digital application production (iORGA), and decentralized software development (Metadev.3). In addition, the company plans to use various financial instruments to maximize its BTC Yield.
One of the key indicators used by The Blockchain Group to evaluate its strategy is the "BTC Yield," representing the growth of bitcoins per share. The fourth quarter of 2024 BTC Yield was 141.2%, and by the end of the first quarter of 2025, it jumped to 709.8%, with each share now backed by 332 satoshis.
The company's bitcoin holdings have increased significantly, from 156 to 620 BTC. The Blockchain Group aims to own one percent of all bitcoins over the next eight years, a goal that corresponds to approximately 210,000 BTC for the Dutch company AMBTS, which has made a similar commitment.
The Blockchain Group has raised 48.6 million euros through the issuance of its first convertible bonds in early March. The company's stock price rose from a low of 10 cents to 1.14 euros after announcing its strategic shift.
Another indicator used by The Blockchain Group is "BTC € Gain," which represents the growth of bitcoins in the company's treasury multiplied by the bitcoin price. The bitcoin strategy has resulted in assets on the balance sheet, or positives, increasing by about one percent since the end of 2023.
The Blockchain Group also plans to use the capital raised to collaborate with metaverse companies, integrate DeFi, migrate to Polygon, use Hyperledger Fabric, Tezos, and more, demonstrating its commitment to staying at the forefront of blockchain technology.
In conclusion, The Blockchain Group's strategic shift towards becoming a "Bitcoin Treasury Company" has proven successful, with significant increases in its bitcoin holdings and a rise in its stock price. The company's focus on key indicators such as BTC Yield and BTC € Gain, as well as its ambitious goal to own one percent of all bitcoins, positions it well for continued growth in the future.
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