Europe’s Blockchain Group, UK’s Smarter Web Co. add to Bitcoin stashes
French company The Blockchain Group and the UK-based Smarter Web Company each boosted their corporate Bitcoin treasuries on Monday with multimillion-dollar BTC purchases.
Two European companies — France’s The Blockchain Group and the United Kingdom’s Smarter Web Company — have expanded their Bitcoin holdings.
In a Monday announcement, The Blockchain Group said it acquired 116 Bitcoin (BTC) for about 10.7 million euros ($12.55 million), and the Smarter Web Company announced the purchase of 226.42 BTC for 17.9 million pounds ($24.34 million).
Following its latest purchase, The Blockchain Group’s holdings total 1,904 BTC, acquired at an average price of $106,000 per coin. The Smarter Web Company’s holdings have reached a total of 1,000 BTC, bought for an average price of $106,750.