Europe’s first Bitcoin treasury company, The Blockchain Group, has announced their ambitious plans to acquire 260,000 Bitcoin, valued at $24 billion, by the year 2033.
This announcement has sparked excitement in the crypto market among crypto enthusiasts, who see it as a major adoption step in Europe for cryptocurrencies.
In November 2024, The Blockchain Group became the first company in Europe to make Bitcoin a key part of its financial strategy. The firm saw Bitcoin as an essential part of their money reserves, like a valuable resource for doing business in a world where digital assets are rare and important, rather than treating it like a risky investment to buy and sell quickly.
On 27th March this year, the firm purchased 580 Bitcoin as part of its plans, marking it as their third-largest purchase.
The firm’s plan to buy 260,000 bitcoins by the year 2033 is set to make ripples in the crypto industry that see it as greater adoption of the crypto gold in European nations.
This historic announcement by the firm highlights the Bitcoin’s growing role as a corporate treasury asset.
