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European Bitcoin treasury company launches $20B Bitcoin strategy

The Blockchain Group targets up to 260,000 BTC by 2033 amid substantial investor backing.

CryptoSlate

May 3

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Happy Saturday!

Europe takes center stage in the Bitcoin race as The Blockchain Group unveils a $20 billion plan to accumulate up to 260,000 BTC by 2033-potentially locking up 1% of the total supply and sending shockwaves through the market. Meanwhile, a dramatic crypto recovery unfolds as $7 million in stolen Bitcoin is frozen thanks to ZachXBT’s investigation and Binance’s swift action. And in mining, Riot Platforms posts record revenues but still faces a $296 million net loss, spotlighting the ongoing challenges in the sector. Catch up on the moves shaping today’s crypto landscape.

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The global crypto market cap is $3 trillion, with a 24-hour volume of $57.28 billion. The price of Bitcoin is $96,392.32, and BTC market dominance is 63.8%. The price of Ethereum is $1,834.39, and ETH market dominance is 7.4%. The best-performing sector is Fan, which gained 3%. The Crypto Fear & Greed Index is currently Greed (65).