The post The Blockchain Group Adds 580 Bitcoin to Treasury Holdings appeared on BitcoinEthereumNews.com.

TLDR The Blockchain Group has purchased 580 Bitcoin worth approximately $50 million The company’s stock has jumped 226% since beginning its Bitcoin strategy in November This is the largest of three Bitcoin purchases made by the organization The Blockchain Group now holds 620 BTC total, valued at around $54 million GameStop also announced plans to purchase Bitcoin on the same day, with shares jumping 12% The Blockchain Group, a France-based company, has added 580 Bitcoin to its treasury. This purchase is worth about $50.64 million with Bitcoin trading at $87,311. This marks the largest Bitcoin purchase for the company since it began collecting the cryptocurrency. The company started its Bitcoin strategy in November 2024. Since then, its stock price has risen 226%. The Blockchain Group made its first Bitcoin purchase on November 5. This was the same day Donald Trump won the US presidential election. This timing put the company in position to benefit from Bitcoin’s rally to $100,000 in December. The second purchase came on December 4. The company bought 25 Bitcoin when the price was around $96,000. Bitcoin reached six figures the next day. Strategic Bitcoin Treasury Expansion Pays Off The latest purchase of 580 Bitcoin brings their total holdings to 620 BTC. This is worth approximately $54 million at current prices. The company funded this purchase through a convertible bond issue announced earlier in March. Swissquote Bank executed the transaction. The Blockchain Group is listed on Euronext Paris. This is Europe’s second-largest stock exchange by market capitalization. The company describes itself as a “global umbrella” of businesses. These focus on data intelligence, AI, and decentralized technology. Since beginning its Bitcoin accumulation strategy, the company’s stock has risen to 0.48 euros ($0.52). This represents a 225% increase in share price. The latest Bitcoin purchase announcement came after market…

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Filed under: News - @ March 27, 2025 2:27 pm