Blockchain technology enterprise Blockchain Group announced on June 3rd that it had purchased approximately 650 Bitcoins through over-the-counter (OTC) channels, with a total value of 68 million US dollars. This move increased the total amount of Bitcoins held by its company to 1,850. Based on the current market price, the market value exceeds 195 million US dollars. This is the company’s first large-scale share purchase since the fourth quarter of 2024, aiming to strengthen its “digital asset strategic reserve”.
Add positions during a pullback: Bet $68 million on long-term value
This purchase coincided with the short-term pullback of Bitcoin’s price from $105,000 to the $103,000 range, said Sarah Jones, the Chief Financial Officer (CFO) of Blockchain Group, in a statement: Market fluctuations have created an ideal window for increasing holdings. The scarcity of Bitcoin as a decentralized asset makes it more strategically valuable in the context of global liquidity tightening. According to the submitted regulatory documents, the average purchase price of the company this time is $104,600. The funds come from the $420 million cash reserve disclosed in the first quarter financial report of 2025, accounting for approximately 16%.
Data from the Blockchain analytics platform Nansen shows that the wallet address of Blockchain Group (0x789c…) 123d) completed the transfer in three transactions during the period from May 31st to June 2nd. All transactions were executed through compliant OTC platforms such as Cumberland DRW and did not cause a significant impact on the secondary market. It is worth noting that among the 1,850 Bitcoins held by the company, approximately 70% were “base positions” purchased in 2024 at an average price of $68,000. Currently, the overall holding has seen a floating profit of over 120%.
Trend of enterprise cryptocurrency holdings: Equal Emphasis on compliance and strategy
The actions of Blockchain Group reflect the continuous increase in the willingness of technology enterprises to allocate cryptocurrencies. According to the Coinbase Institutional report, the global corporate Bitcoin holdings increased by 23% quarter-on-quarter in the first quarter of 2025, among which the technology, financial services and energy industries accounted for 67%. The company specifically mentioned that this increase in holdings has been filed with the U.S. Securities and Exchange Commission (SEC) and has engaged Ernst & Young (EY) to conduct a valuation audit to ensure compliance with the financial disclosure requirements of the Sarbanes-Oxley Act (SOX).
In terms of the layout of the Bitcoin ecosystem, a subsidiary of Blockchain Group has launched an enterprise payment solution based on the Lightning Network and has invested in three Bitcoin mining enterprises. Chief Executive Officer (CEO) Michael Johnson said, “We not only view Bitcoin as an asset, but also as a core component for building the Web3 infrastructure. This increase in holdings is a continuation of the ‘technology + investment’ dual-track strategy.”
Market Response and Risk Warning
Dan Thomas, an analyst at the cryptocurrency trading platform Kraken, pointed out that the continuous buying by institutions in the $100,000 range has formed a “price moat”, and the $68 million buy order is equivalent to the daily trading volume of approximately 65,000 Bitcoins (calculated based on the current $105,000). It is conducive to stabilizing market sentiment in the short term. But he also cautioned that if Bitcoin breaks below the key support level of $103,000, it could trigger algorithmic trading sell-offs, causing the price to drop to $98,000.
At the regulatory level, Blockchain Group emphasized in the announcement that it has established the “Crypto Asset Risk Committee” to regularly assess the impact of macroeconomics, price fluctuations and policy changes. At present, the Digital Asset Markets Structure Act (DAMSA) in the United States is still in the legislative process, while the Crypto Asset Markets Regulation (MiCA) in the European Union is set to come into effect in July. Cross-regional compliance challenges remain one of the main concerns for enterprises when configuring cryptocurrencies.
Conclusion: Corporate holdings have become a “stabilizer” for the market.
As institutions such as Blockchain Group continue to incorporate Bitcoin into their treasuries, the institutionalization process of the cryptocurrency market has further accelerated. Data shows that since 2025, enterprise-level Bitcoin holdings have accounted for 2.3% of the total circulation, a significant increase from 0.8% in 2023. This kind of “institutional endorsement” not only enhances the narrative of Bitcoin as “digital gold”, but also provides a more stable capital foundation for the market.
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