The major institutional bull MicroStrategy (Strategy) continues as institutions are making Bitcoin (BTC) purchases, and a buying news has also come from Europe.
Accordingly, The Blockchain Group, based in Paris and known as Europe’s first Bitcoin (BTC) treasure, has made another Bitcoin purchase on Euronext Growth Paris.
The Blockchain Group made its largest purchase since it started its Bitcoin accumulation strategy by buying 624 BTC for approximately 60.2 million euros and 68.7 million dollars.
The Blockchain Group announced in a post from account X that with the latest buy out, the company’s total assets have increased to 1,471 Bitcoin and over 154 million dollars, and the BTC return stands at 1,097.6%.
In January 2024, the U.S. made a historic move by approving spot Bitcoin ETFs. At this point, as institutional interest in Bitcoin has increased since the U.S. began offering the first fully regulated BTC investment vehicles for traditional investors, U.S. President Donald Trump’s announcement of a plan to create a Bitcoin reserve has also boosted institutional appetite.
*This is not investment advice.
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