The European Blockchain Group announced plans to purchase 260,000 BTC over the next 10 years.
According to company representatives, the first cryptocurrency is a reliable tool in conditions of global financial instability.
The Blockchain Group said that by acquiring 260,000 BTC they will be able to control nearly 1% of the maximum supply of the first cryptocurrency, becoming one of the largest corporate holders of the coin in the world.
According to The Blockchain Group's CEO Alexander Lize, not using Bitcoin means losing competitiveness in the global financial market.
To purchase the asset, the company intends to raise capital through bond issuance (as the largest public Bitcoin holder, the American company Strategy does), acquiring firms with Bitcoin asset portfolios, and reinvesting operating profits.
