Dear Readers, in a world where the only constant is change, The Blockchain Group, Europe’s first Bitcoin Treasury Company listed on Euronext Growth Paris, is about to embark on a grand adventure across the Atlantic. Yes, it is set to broaden its global reach with a US OTCID secondary listing, rubbing shoulders with the likes of Air France KLM and Nestlé. How delightful! 🎉
According to the official press release, The Blockchain Group has chosen OTCID for its US listing because, well, it’s not as if they had a choice. But in all seriousness, it follows financial reporting standards compatible with Euronext Growth, where the company already reports. The market also hosts major European companies, which makes it a perfect fit for a company that is as sophisticated as a glass of fine wine. 🍷
This listing will not involve issuing new shares or raising capital. Instead, existing shares currently traded on Euronext Growth Paris will be made available to US investors through a secondary listing on the OTCID market. Shares will be traded in US dollars and settled according to US market standards via market makers who will facilitate liquidity and compliance. It’s almost as if they’re setting up a digital embassy in the heart of Wall Street. 🏛️
“Our listing on the US OTCID market reflects the Company’s commitment to expand its global presence and accelerate its Bitcoin Treasury Company strategy, focused on increasing the number of bitcoin per share on a fully diluted basis over time, through enhanced liquidity and accessibility for our international investors,” said Alexandre Laizet, Deputy CEO and Director of Bitcoin Strategy, with a twinkle in his eye and a sly smile. 😏
The upcoming listing on the US OTCID market comes amid The Blockchain Group’s ongoing efforts to accumulate more Bitcoin, with the latest purchase just days ago adding 116 BTC. The BTC purchases were funded through strategic capital raises, enabling the company to steadily increase its BTC holdings and reinforce its position as a leading Bitcoin Treasury Company. It’s like they’re building a digital Fort Knox, one Bitcoin at a time. 🏦
As of the latest report, The Blockchain Group and its Luxembourg unit now hold a total of 1,904 BTC, acquired for a cumulative €172 million, with an average entry price of approximately €90,332 per BTC. This represents about 1.12% of the 170,000 BTC target the company aims to accumulate by 2032. It’s a small step for Bitcoin, but a giant leap for The Blockchain Group. 🚀
Continued Bitcoin buys are clearly paying off for The Blockchain Group, which recently reported an impressive year-to-date BTC yield of approximately 1,349%. One can only imagine the champagne corks popping in their boardroom. 🥂
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2025-07-09 16:38