Parisian Blockchain Collective Eyeing Ownership of 1% of Total Bitcoin Supply
The Blockchain Group, now known as ALTBG, has made headlines in the financial world with its recent transformation into Europe's first Bitcoin Treasury Company. Trading on the Paris stock exchange under the symbol ALTBG, the company has announced ambitious plans to raise up to 100 billion dollars in capital, with the aim of acquiring approximately one percent of all Bitcoins over the next eight years.
In a strategic shift announced by Vice-CEO Alexandre Laizet in November 2024, ALTBG has committed to becoming a Bitcoin Treasury Company. This decision marks a significant turning point in its history, with other business areas taking a backseat as the company focuses on its bitcoin strategy.
ALTBG's bitcoin strategy is centred around maximising BTC yield over the next eight years. The company plans to achieve this primarily through a combination of purchasing Bitcoin on the open market and retaining Bitcoin earned from mining operations. Additionally, they may explore tokenization of insurance-linked assets and use AI-driven adaptive portfolio management involving Bitcoin, Ethereum, Solana, and stablecoins to enhance yield. This includes strategic investment phases and active management with automated bots, while maintaining flexibility to hold or trade manually.
Another key indicator used by ALTBG is the 'BTC Yield', which represents the growth of bitcoins per share. In the fourth quarter of 2024, ALTBG's BTC Yield was 141.2%, and by the end of the first quarter of 2025, it had jumped to 709.8%. Another indicator, 'BTC Gain', or the growth of bitcoins in the company's treasury, also plays a significant role in evaluating the strategy.
ALTBG has already taken steps towards its bitcoin-focused future. In February, the company decided to raise 300 million euros, placing its first convertible bonds worth 48.6 million euros in early March. The company has also collaborated with metaverse companies, integrated DeFi, migrated to Polygon, used Hyperledger Fabric, Tezos, and more.
The company's bitcoin strategy has not only caught the attention of the financial world but also the public. The stock price of ALTBG, previously at a low of 10 cents, rebounded after the announcement and is now at 1.14 euros. Each share in ALTBG is now backed by 332 satoshis.
ALTBG is also venturing into other business areas such as data collection and AI transformation (Trimane), digital application production (iORGA), and decentralized software development (Metadev.3). One of the most notable developments is the launch of an NFT platform called Eniblock, targeting various industries including healthcare, businesses, insurers, and aviation.
The promise to investors is not just to mirror the bitcoin price movement but to back each share with an increasing number of bitcoins. With its ambitious plans and strategic focus, ALTBG is certainly a company to watch in the world of Bitcoin and beyond. The company also plans to use private bonds or additional shares to raise funds, demonstrating its commitment to its bitcoin-focused future.
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