"European Bitcoin Reserve Firm (The Blockchain Group) Targets 260,000 BTC by 2033"

# The Blockchain Group Unveils Ambitious Bitcoin Reserves Plan, Aiming to Secure Up to 260,000 BTC by 2033 The Blockchain Group, Europe's pioneer in Bitcoin reserve management, has announced an innovative strategy to amass up to 260,000 Bitcoin (BTC) over the next eight years. This goal, equaling roughly 1.2% of Bitcoin's total supply, was unveiled on October 3, representing a significant leap in its long-term crypto investment approach. # Significant Turnaround in 2024 Financials Per CryptoSlate, The Blockchain Group achieved a financial turnaround in 2024, reporting a net profit of €13.6 million (around KRW 22 billion). This marks a substantial recovery from the €22.7 million loss recorded the previous year, attributed to restructuring efforts and cost-reduction measures, including a 43% cut in administrative expenses and a 34% reduction in labor costs. # Aggressive Bitcoin Purchases Begin The company started aggressively accumulating Bitcoin in late 2024. An initial €3.5 million funding facilitated the purchase of 40 BTC. This was followed in March 2025 by a €48.6 million convertible bond issuance, acquiring an additional 580 BTC. Currently, The Blockchain Group holds 620 BTC, valued at around €50.5 million based on current market prices. # Introduction of BTC Yield Metric and Stock Performance The Blockchain Group introduced a new performance metric, "BTC Yield," representing the amount of Bitcoin held divided by the number of diluted shares. This metric soared from 41 satoshis per share at the end of 2024 to 332 satoshis per share by Q1 2025, indicating a 709.8% increase. During the same period, the company’s stock price surged over 1,100%. # Strategic Vision: 260,000 BTC by 2033 The Blockchain Group aims to acquire between 170,000 and 260,000 BTC by 2033. To achieve this, the company plans to raise between €1 billion and €100 billion across multiple phases. Key investors, including Adam Back, UTXO Management, and asset manager TOBAM, support this initiative. Notably, TOBAM has previously suggested that Bitcoin reserve firms could potentially outperform Bitcoin itself in the long term. # Risks and Challenges Ahead While The Blockchain Group’s plans are ambitious, they also noted significant risks such as price volatility, liquidity constraints, cybersecurity threats, and regulatory uncertainties. The company's current Bitcoin reserves are managed internally without legal restrictions, following its proprietary governance standards. # Solid Financial Position At the end of the 2024 fiscal year, The Blockchain Group had net financial debt of €2.74 million and a cash balance of €729,000. The company’s auditor confirmed no concerns regarding the firm’s ability to continue as a going concern. # Execution and Capital Market Access: Critical to Success The success of The Blockchain Group's strategy depends on its ability to effectively execute its Bitcoin acquisition plans and maintain access to the capital markets. With a robust vision and backing from influential investors, the company has established itself as a significant player in the expanding Bitcoin reserve management market.