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Omid 🎩
@omidl4308
European Bitcoin treasury company The Blockchain Group confirmed its return to profitability while unveiling aggressive plans to expand its Bitcoin reserves over the coming years. The Paris-listed firm, which formally rebranded itself as Europe’s first “Bitcoin Treasury Company ” in Nov 2024, recorded a net profit of €1.3M for 2024, reversing a €22.7M loss from the prior year. The result followed deep restructuring efforts, including divestitures and cost reductions, which reduced general and administrative expenses by 43% and overall staff costs by 34%, per its annual financial report.
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