The Blockchain Group Expands Bitcoin-Backed Share Trading with US OTCID Listing

The Blockchain Group is enhancing its global footprint by securing a secondary listing on the US OTCID market, joining the ranks of prominent companies such as Air France KLM and Nestlé. As Europe's inaugural Bitcoin Treasury Company listed on Euronext Growth Paris, The Blockchain Group is finalizing its entry into the OTCID market—a platform renowned for offering a transparent and regulated avenue for international firms to connect with US investors. The selection of OTCID for its US market presence aligns with the company's existing financial reporting standards on Euronext Growth, ensuring consistency and compliance. Notably, this listing will not entail the issuance of new shares or capital raising; instead, it will enable US investors to trade the company's existing shares, denominated in US dollars and settled in accordance with US market protocols, facilitated by market makers to ensure liquidity and adherence to regulatory requirements. Alexandre Laizet, Deputy CEO and Director of Bitcoin Strategy, commented, 'Our OTCID listing underscores our dedication to broadening our global influence and advancing our Bitcoin Treasury Company strategy, aimed at incrementally increasing the Bitcoin per share ratio on a fully diluted basis, thereby enhancing liquidity and accessibility for our international investor base.' This strategic move coincides with The Blockchain Group's continuous Bitcoin accumulation efforts, highlighted by a recent acquisition of 116 BTC. Funded through strategic capital initiatives, these purchases bolster the company's BTC reserves, cementing its status as a premier Bitcoin Treasury Company. Currently, The Blockchain Group and its Luxembourg subsidiary collectively hold 1,904 BTC, with a total investment of €172 million and an average acquisition price of approximately €90,332 per BTC. This represents a significant step toward the company's ambitious goal of amassing 170,000 BTC by 2032. The strategy has already yielded substantial returns, with the company reporting a remarkable year-to-date BTC yield of around 1,349%.