Block Chain Group, a French -based blockchain solution company presentation To date, we have acquired 580 BTC with the largest Bitcoin (BTC) purchase. This means that the company’s third BTC acquisition since it started purchasing digital assets in November 2024.
Blockchain Group purchases 580 Bitcoin
In the most important BTC acquisition, the blockchain group has purchased 580 BTC for about $ 56,020, an average of $ 88,020 per coin. According to this announcement, purchases were made through Luxembourg -based subsidiaries.
In particular, the acquisition was raised through the proceeds raised in the issuance of convertible bonds announced on March 6, which is consistent with the company’s Bitcoin financial strategy.
Recalled, the blockchain group purchased the first BTC in November 2024 and acquired 15 BTC at an average cost of $ 68,785 per coin. The second purchase continued in December 2024 when 25 BTC was purchased at an average price of about $ 97,692.
Following the latest acquisition, the company’s total BTC Holdings is currently 620 BTC, with a total net value of $ 55 million.
According to Yahoo, the stock of finance and blockchain groups (altbg.pa) increased by 3.09% to € 0.4975 ($ 0.54). Every year, the company’s stocks surge an impressive 65.78%, suggesting that exposure to BTC had a positive impact on the evaluation.
The official website of Blockchain Group says that Pivot to Bitcoin is part of a wider strategy to optimize excess cash and financial products. Since the first BTC acquisition, the company’s shares have increased by 225%.
Adopted BTC to grow in 2025
Bitcoin’s adoption is expected to increase further in 2025, as well as the essential value of digital assets favorable Regulatory environment by President Donald Trump’s President Crypto.
Earlier this week, Bitcoin’s largest corporate holder, strategy, acquisition With an additional 6,911 coin, the total amount is over 500,000 BTC. In the same context, Fold Holdings, a US -based financial service company presentation Earlier this month, we added 475 BTC to the Ministry of Corporate Treasury.
As the adoption of companies increased, some US states have begun legislative procedures to add BTC to the Treasury. for example, Utah and Kentucky Recently, it has made significant progress with BTC Reserve Bills.
In addition, Mexican billionaire Ricardo Salinas Exposed 70%of his investment portfolio is assigned to Bitcoin and related assets. In the press time, BTC has fallen 1.1% to $ 86,838 over the last 24 hours.
Yahoo! Finance and TradingView.com
Editorial process focuses on providing thorough research, accurate and prejudice content. We support the strict sourcing standard and each page is diligent in the top technology experts and the seasoned editor’s team. This process ensures the integrity, relevance and value of the reader’s content.
