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The Blockchain Group, Europe’s first Bitcoin treasury company, has returned to profitability and unveiled ambitious plans to expand its Bitcoin holdings. The Paris-listed firm reversed a €22.7 million loss in 2023 to post a €1.36 million net profit in 2024, driven by restructuring and strategic Bitcoin acquisitions.
- The Blockchain Group reversed a €22.7M 2023 loss to achieve €1.36M net profit in 2024 through 43% cost reductions and strategic refocusing.
- The company's Bitcoin holdings grew to 620 BTC (worth €50.5M) via €48.6M convertible bond issuance, with plans to acquire up to 260,000 BTC by 2033.
- Key metrics show 709.8% growth in BTC Yield per share and 1,100% share price increase within a year, though risks like volatility remain.
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