- The Blockchain Group expands its Bitcoin treasury to 1,653 BTC, signaling growing corporate conviction amid bullish market conditions.
- Bitcoin trades in a tightening symmetrical triangle as geopolitical tensions mirror past breakout setups that led to significant price rallies.
- While institutional demand rises, analysts warn that firms without solid risk frameworks could face major losses below the $90K level.
The Blockchain Group, a French publicly traded firm, has bought an additional 182 Bitcoin for €17 million ($20.7 million). This purchase comes amid mounting institutional demand and a tightening technical setup. The company now holds 1,653 BTC, having acquired 469 Bitcoin in 2025 alone. It reports a year-to-date yield of 1,173.2%, reflecting impressive performance against its fully diluted share count. With plans to acquire 70 more BTC, reserves could soon near 1,723 BTC.
The acquisition was funded by convertible bond issuances worth nearly €18 million. Notable investors include UTXO Management, Moonlight Capital, TOBAM, and Ludovic Chechin-Laurans. Each party participated in different tranches of the offering. Banque Delubac & Cie and Swissquote Bank Europe SA handled execution, while Taurus provided custody infrastructure. The Blockchain Group’s average cost per BTC stands at approximately $103,000 — still below today’s price of $105,198.
Symmetrical Triangle Points to Breakout
According to Crypto Fella’s analysis, Bitcoin has been tightening since April 2025 and is presently trading inside a symmetrical triangle on the daily period. The price range of $104,000 to $110,000 is still locked in. This technical structure is similar to a pattern that was seen in October 2024. In less than two months, a breakout back then resulted in a 60% surge.
Source: Crypto Fella
Moreover, this current triangle converges around renewed Iran-Israel headlines — similar to what triggered the last breakout. Geopolitical tension once again aligns with major price consolidations, increasing the probability of a strong move. Consequently, traders are watching this apex for a possible repeat of Q4 2024’s surge.
Market Risks and Warnings
A growing number of public companies are adding Bitcoin to their treasuries. At least 26 have done so in the past 30 days. However, not everyone sees this as a sound strategy.
Analysts warn that smaller firms may be copying without proper risk frameworks. Standard Chartered cautioned that if Bitcoin drops below $90,000, up to half of these firms could face severe losses. This could trigger forced liquidations and damage Bitcoin’s reputation.
