Blockchain Group SA ( (FR:ALTBG) ) has shared an update.
The Blockchain Group has confirmed the acquisition of 580 BTC for approximately 47.3 million euros, bringing its total holdings to 620 BTC valued at around 50.5 million euros. This move is part of their Bitcoin Treasury Company strategy, which includes adopting new key performance indicators such as ‘BTC Yield’, ‘BTC Gain’, and ‘BTC € Gain’. These indicators are designed to measure the company’s Bitcoin holdings relative to its shares, although they do not reflect traditional financial performance or investment returns.
More about Blockchain Group SA
The Blockchain Group is a pioneering Bitcoin Treasury Company in Europe, with subsidiaries focusing on Data Intelligence, AI, and decentralized technologies. The company is involved in managing Bitcoin assets and implementing strategies to increase its Bitcoin holdings.
YTD Price Performance: 52.14%
Average Trading Volume: 2,365
Technical Sentiment Signal: Sell
Current Market Cap: €43.47M
For a thorough assessment of ALTBG stock, go to TipRanks’ Stock Analysis page.