The Blockchain Group (TBG), a publicly traded Bitcoin treasury company, has revealed plans to amass as much as 260,000 Bitcoin over the next decade—a move that could see it hold approximately 1% of the total Bitcoin supply by 2034.
A Long-Term Bitcoin Accumulation Strategy
Outlined in its latest financial disclosure, TBG’s strategy focuses on an incremental acquisition approach. The company aims to increase its current holdings of 620 BTC to between 1,000 and 3,000 BTC by the end of this year. It has set an ambitious mid-term goal of owning 100,000 BTC by 2032 and hopes to reach between 170,000 and 260,000 BTC by 2034.
“If Bitcoin reaches €1-2 million per coin by 2033-2035, holding 210,000 BTC could represent between €210 billion and €420 billion in net asset value,” the report states.
This long-term vision is underpinned by a projection that Bitcoin’s value will appreciate substantially in the coming years. To measure progress, the company is tracking its proprietary “BTC Yield” metric, which saw a dramatic 709% increase in Q1 2025. During this period, its Bitcoin-per-share figure jumped from 41 to 332 satoshis.
Strategic Backing and Funding Pipeline
The firm, which trades under the ticker ALTBG on Euronext Growth Paris, underwent a strategic pivot in November 2024 to become a full-fledged Bitcoin Treasury Company. Since then, it has boosted its Bitcoin reserves significantly—from just 15 BTC in December 2024 to over 620 BTC by April 2025. The increase was achieved via equity placements and Bitcoin-denominated convertible bonds.
TBG’s strategy has attracted support from well-known names in the crypto investment space, including Fulgur Ventures, UTXO Management, and TOBAM. Prominent cryptographer and Blockstream CEO Adam Back has also joined as a strategic advisor.
Despite acknowledging the risks associated with the plan, the company maintains a clear goal: “accumulate as much BTC as possible, as fast as possible, in the most accretive way possible.”
To fund this effort, TBG has projected a capital-raising potential ranging from €150 million to €100 billion over eight years, depending on market conditions and investor appetite. If the roadmap unfolds as planned, TBG could soon become Europe’s top corporate holder of Bitcoin.
Share Price Soars in Six Months
Since adopting its Bitcoin-focused model, TBG’s stock performance has mirrored other successful Bitcoin treasury firms. Its share price surged by 120% within the first month, 265% by the third month, and 474% after six months. This trend draws strong parallels to the early growth patterns of companies like Strategy and Metaplanet, both of which committed to the Bitcoin treasury model before TBG.
“Bitcoin treasury companies are the fastest-growing companies in Europe,” TBG stated.
Currently, Strategy remains the leading publicly listed corporate Bitcoin holder with 553,555 BTC—around 2.6% of the global circulating supply.
