The post The Blockchain Group Adds 580 Bitcoin as Stock Soars 200+% appeared on BitcoinEthereumNews.com.

The Blockchain Group’s latest buy took place during a wave of corporate adoption of digital assets. This move also follows a 200+% surge in the company’s stock since it began buying Bitcoin in late 2024. GameStop saw a nearly 12% stock jump as well after announcing plans to invest in Bitcoin by using proceeds from a $1.3 billion convertible notes offering. Meanwhile, Bitcoin mining stocks fell after Microsoft reportedly scaled back its AI data center expansion plans, which caused doubt on miners’ diversification into AI infrastructure to offset post-halving revenue declines. The Blockchain Group Makes Biggest BTC Purchase France-based The Blockchain Group recently expanded its Bitcoin holdings by adding 580 BTC to its treasury in its largest purchase to date. The acquisition is valued at approximately $50.64 million at current market prices, and was disclosed after market hours on March 26.  Blockchain Group’s stock price over the past 6 months (Source: Google Finance) This move was made after an impressive 225% surge in the company’s stock price since it began investing in Bitcoin in November of 2024. The Blockchain Group describes itself as a global umbrella for companies focused on data intelligence, artificial intelligence, and decentralized technologies. Details about The Blockchain Group’s BTC acquisitions (Source: Euronext) The firm’s Bitcoin buying strategy seems to align with certain key moments in the broader crypto market. Its first purchase of 15 BTC happened on Nov. 5, which coincided with Donald Trump’s US election win. The second was a 25 BTC acquisition that took place on Dec. 4 as Bitcoin hovered around $96,000, just before it hit six figures. While March 26 wasn’t a specific milestone for Bitcoin, it arrived just before the end of Q1 2025, which is a quarter in which Bitcoin underperformed compared to historical averages, and a few weeks ahead…

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Filed under: News - @ March 27, 2025 9:27 am