The Blockchain Group, a Bitcoin treasury firm supported by Adam Back, is set to amass up to 260,000 BTC by 2034, aiming for 1% of total supply. Their stock has surged 474% in the past six months due to strategic accumulation. Capital-raising plans could position them as Europe’s largest corporate Bitcoin holder if successful.
The Blockchain Group (TBG), a Bitcoin treasury firm backed by Adam Back, has announced an ambitious plan to acquire between 170,000 and 260,000 Bitcoin by the year 2034. This target could equate to around 1% of the total Bitcoin supply, if they hit it, making their strategy quite significant in the crypto landscape. Their recent fiscal report sheds light on this phased investment approach spanning eight years, starting with aims to amass 1,000 to 3,000 BTC this year alone, setting their eyes on a grand goal of 100,000 BTC by 2032.
TBG pointed out a potential value projection, stating that if Bitcoin were to hit €1-2 million per coin by the period of 2033 to 2035, possessing 210,000 BTC could produce a staggering net asset value of between €210 billion and €420 billion. This gives a rough idea of the stakes involved. The firm also mentioned their proprietary metric, “BTC Yield,” which measures Bitcoin holdings per fully diluted share. This figure saw a remarkable rise of about 709% in Q1 2025, with the Bitcoin share price jumping from 41 to 332 sats.
Trading under the ticker ALTBG on Euronext Growth Paris, TBG shifted to a Bitcoin Treasury Company model in November 2024. They’ve managed to increase their Bitcoin holdings impressively, growing from just 15 BTC in December to 620 BTC by April, achieved via equity placements and convertible bonds denominated in Bitcoin. The backing from crypto-focused investors such as Fulgur Ventures, UTXO Management, and TOBAM can’t be overlooked, with Adam Back serving as their strategic advisor.
While TBG acknowledges the risks connected to their aggressive strategy, they firmly declare their mission of rapidly accumulating Bitcoin in the most beneficial manner possible. Their capital-raising potential is projected between €150 million to €100 billion ($169 million to $112 billion) over eight years while being reliant on market conditions and how investors respond. If they succeed, TBG could emerge as the largest corporate Bitcoin holder in Europe.
Over the last six months, TBG’s stock has skyrocketed by 474%. They’re clearly taking cues from trailblazers in the Bitcoin treasury space, such as Strategy, which began similar strategies in 2020 and has seen its share price go up nearly 3,000% over five years. Other firms like MSTR have also demonstrated impressive increases since embracing the Bitcoin Standard.
Since implementing its treasury model, TBG reported early gains of 120% in the month of adoption, followed by 265% after three months, and now sitting at that impressive 474% after six months. These figures seem to parallel those of both Strategy and Metaplanet, who joined this movement back in April 2024. TBG proudly claims, “Bitcoin treasury companies are the fastest-growing companies in Europe.” Strategy currently leads the pack as the biggest publicly traded corporate holder of Bitcoin, with 553,555 BTC to its name, accounting for around 2.6% of Bitcoin’s circulating supply.
