Fragbite Buys IDR 7.8 Billion in Bitcoin, European Company Officially Enters Crypto World

Jakarta, Pintu News – Fragbite Group AB, a Swedish digital company listed on a European exchange, officially bought 4.3 Bitcoins (BTC) worth $486,000 or around IDR 7.8 billion. The purchase was announced on July 22, 2025 as part of a long-term crypto treasury strategy.

Fragbite sees Bitcoin as a strategic asset to strengthen the company’s financial position. This move makes Fragbite one of the European companies that has started taking BTC seriously on its balance sheet.

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Bitcoin becomes Fragbite’s new treasury asset

Fragbite started its BTC accumulation with an initial purchase worth IDR7.8 billion, using the company’s excess funds. BTC was purchased at an average price of $112,958 (approximately Rp1.83 billion) per coin. The company stated that it will continue to gradually increase its Bitcoin holdings. The aim is to make BTC a long-term store of value and capital protector.

According to management, this decision is not only for diversification, but also to strengthen the company’s capital structure. Fragbite also mentioned BTC as part of its future strategy. With this move, they hope to add value to shareholders. Fragbite sees great potential in crypto assets as part of modern corporate assets.

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Fragbite follows in the footsteps of other European companies

Fragbite is not the only European company getting into Bitcoin. In France, The Blockchain Group has accumulated 1,955 BTC, while UK-based company Smarter Web Company now holds 1,600 BTC. This trend shows BTC adoption by European public companies is on the rise. They see Bitcoin as no longer a speculative asset, but a long-term reserve of value.

The price of Bitcoin, which had broken $123,000 and is now around $118,000 (Rp1.91 billion), reinforces this view. BTC’s stable performance during 2025 makes it more attractive to institutions.

Fragbite took this initial step while the market was still in its growth phase. Looking ahead, the trend of BTC accumulation by European companies is expected to continue.

Conclusion

With its first investment into Bitcoin, Fragbite has officially entered the global crypto ecosystem. This signals that digital companies are starting to see BTC as part of modern financial strategies. If this trend continues to grow, Bitcoin will go from strength to strength as an institutional asset. The crypto world no longer belongs to individuals alone-big corporations are getting in on the action.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crypto.news. EU-listed Fragbite Group adds Bitcoin to treasury with first 4.3 BTC purchase. Accessed July 24, 2025
• Featured Image: Game Developer