The Blockchain Group has announced it will increase its support for Bitcoin. Like Michael Saylor, France’s leading technology firm is issuing 63 million euros in convertible bonds to finance its continued Bitcoin purchases. With more corporations wanting to use Bitcoin, many are now looking to use structured financial tools to get involved. By using BTC in its bonds, The Blockchain Group is aligned with big investors who trust that the value of the cryptocurrency will increase over time.

Blockchain Group Issues €63M BTC-Denominated Bonds

The Blockchain Group, a French technology firm, has issued convertible bonds valued at €63 million. The funds will be used to increase the company’s Bitcoin holdings.

According to an official press release, the bond is denominated in BTC and can be converted into company shares. Investors in this issuance include Moonlight Capital, Fulgur Ventures, and UTXO Management. The Blockchain Group Luxembourg, a subsidiary, will allocate 95% of the funds to buy and hold Bitcoin.

The firm reported that the final 5% of the proceeds will help with both daily operations and management fees. Through bond issuance, firms are shifting their approach to exposing themselves to crypto by raising structured capital.

BTC Holdings Surge as Accumulation Plan Advances

The Group’s treasury now includes 590 BTC thanks to the recent funding round. That increases the company’s total Bitcoins to 1,437.

Each Bitcoin was acquired for €100,000, as stated in the company’s official statement. The Blockchain Group noted, “The company thus pursues its Bitcoin accumulation strategy, while continuing to develop the operational activities of its subsidiaries.”

This move positions the firm among a growing list of publicly engaged entities using BTC as a reserve asset. The announcement follows rising interest from institutional players across global markets.

Institutional Demand Supports Bitcoin Price

As a result of the announcement, big investors started buying more Bitcoin. BTC saw a small fall on the weekend, yet prices improved as institutions kept buying.

Strategy, another institutional player, acquired 4,020 BTC, contributing to the rally. Bitcoin price is currently at $109,256, down 2.31% from its all-time high of $111,970. Analysts suggest that broader institutional demand could push prices toward a new peak.

Social media activity also increased, with trader James Wynn stating that BTC is “about to explode.” He added that he opened a 40X long position in anticipation of further gains.

Broader Institutional Interest in Bitcoin Builds Momentum

The Blockchain Group joins a growing number of firms investing heavily in Bitcoin. Trump Media has reportedly raised $3 billion to purchase BTC.

At the same time, BlackRock continues increasing its holdings via spot ETFs. In recent months, Metaplanet from Japan has increased its plans to hold more Bitcoin. This shows that more companies are now involved in digital assets.

With Bitcoin’s realized market cap climbing to $900 billion, financial observers are carefully following the actions of institutions. Because of better regulations, more liquidity, and variations in assets, the number of people using Bitcoin is growing.