France’s Blockchain Group to buy 590 Bitcoin after bond sale
The Blockchain Group’s stock price jumped over 225% in November after it started buying Bitcoin, and is up over 765% so far this year.
The Paris-based crypto company Blockchain Group is adding more Bitcoin to its growing treasury through a 63.3 million euro ($72 million) bond sale.
The company hopes to buy another 590 Bitcoin (BTC) with the funds, increasing its total holdings to 1,437 BTC, the Blockchain Group said on May 26.
Bitcoin is trading at over $109,00, and at current prices, the Blockchain Group could buy 658 BTC with the total amount it raised, according to CoinGecko.
