Recently, Blockchain Group, a French-based blockchain solution company announcement 580 The largest Bitcoin (BTC) purchase that has acquired BTC. This marks the company’s third acquisition of BTC since it began purchasing digital assets in November 2024.
Blockchain Group Buy 580 Bitcoin
In its most significant BTC acquisition to date, Blockchain Group purchased 580 BTC for around $50.64 million, with an average price of $88,020 per coin. According to the announcement, the purchase was made through a Luxembourg-based subsidiary.
In particular, the acquisition was funded through proceeds raised from the convertible bond issuance announced on March 6th. This move is in line with the company’s Bitcoin financial strategy.
To remember, the Blockchain Group made its first BTC purchase in November 2024, earning 15 BTC with an average cost of $68,785 per coin. The second purchase followed in December 2024 when I bought 25 BTC at an average price of around $97,692.
Following its latest acquisition, the company’s total BTC holdings are now 620 BTC, with a net asset value worth just over $54 million at its current market price.
According to Yahoo! data, Finance, Blockchain Group stocks (AltBG.PA) closed today’s trading session at 0.4975 euros ($0.54), up 3.09% that day. Since the beginning of the year, the company’s stock has skyrocketed at an impressive 65.78%, suggesting that BTC exposure had a positive impact on the valuation.
The official website of the Blockchain Group says that pivots to Bitcoin are part of a broader strategy to optimize excess cash and financial product use. Since its first acquisition of BTC, the company’s shares have risen 225%.
BTC is the company that will grow in 2025
Bitcoin companies’ adoption is expected to be further highlighted in 2025, not only the intrinsic value of digital assets; It’s advantageous The regulatory environment under the administration of President Donald Trump’s president.
Earlier this week, Bitcoin’s biggest corporate holders, strategy, I’ve got it For an additional 6,911 coins, press total holdings above 500,000 BTC. Similarly, Fold Holdings, a US-based financial services company. announcement Earlier this month, 475 BTC was added to the Ministry of Corporate Finance.
As corporate recruitment grew, several US states began legislative processes to add BTC to their finances. for example, Yuta and Kentucky Recently, we have made great strides in BTC reserve billing.
Furthermore, recent Mexican billionaire Ricardo Salinas It was revealed Nearly 70% of his investment portfolio is allocated to Bitcoin and related assets. At press time, BTC will drop by 1.1% at $86,838 over the last 24 hours.
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