Adam Back-backed Bitcoin treasury firm plans to amass up to 260K BTC by 2034

Key takeout

The Blockchain Group plans to acquire up to 260,000 Bitcoin by 2034.
TBG stocks have skyrocketed 474% over six months due to a strategic Bitcoin accumulation.

Blockchain Group (TBG), a publicly supported Bitcoin financing company supported by Adam Back, plans to acquire 170,000-260,000 Bitcoin by 2034.

Outlined in TBG’s latest fiscal report, the plan sets out a step-by-step strategy to expand Bitcoin holdings over the course of eight years. The company aims to make the stash from 1,000 to 3,000 BTC this year, with 100,000 BTC targeted by 2032.

“If Bitcoin reaches 1-2 million euros per coin between 2033 and 2035, holding 210,000 BTC could account for a net asset value of 210 billion to 420 billion euros,” the company said in its report.

TBG’s “BTC Alied” is its own performance indicator that measures Bitcoin retention per fully diluted share, up about 709% in the first quarter of 2025, with its share per Bitcoin rising from 41 to 332 SAT.

Listed under TBG’s ticker AltBG, EuroNext Growth Paris, moved to the Bitcoin Treasury Company model in November 2024. The company had grown Bitcoin Holdings from 15 BTC to 620 BTC by April through equity placements and Bitcoin removed convertible debt.

The initiative is supported by cryptographic native investors such as Fulgur Ventures, UTXO Management, and Tobam. Adam Back is TBG’s strategic advisor.

TBG says it acknowledges the risks associated with its strategy. However, they argue that the goal is to “accumulate as quickly as possible, as quickly as possible, and as quickly as possible.”

The plan is supported by its forecasting capabilities of 150 million to 129 million euros ($169 million to $169 million) over eight years, depending on the market situation and investor participation. If successful, TBG could become the largest corporate holder of Bitcoin in Europe.

TBG shares rose 474% in six months

TBG has followed in the footsteps of the Bitcoin Treasury pioneers, which began adopting the Bitcoin Reserve Strategy in 2020 and recorded a stock price rise of around 3,000% over five years.

$MSTR Since adopting the Bitcoin standard, it has now grown by more than 3,000%. pic.twitter.com/zqbkmhg999

– Michael Saylor (@saylor) May 1, 2025

Since adopting the Bitcoin financial model, TBG has recorded an early increase of 120% in the first month, 265% after three months and 474% at the six-month mark. These figures closely reflect the early performances of both the strategy and Metaplanet that took part in the movement in April 2024.

“The Bitcoin Finance Company is Europe’s fastest growing company,” the company claims.

The strategy stands as the leading public company holder of Bitcoin, which owns 553,555 BTC. This amount represents about 2.6% of the total circular supply of Bitcoin.