French Firm The Blockchain Group Makes Biggest Bitcoin Purchase Yet—What’s Behind the Move?

- Cryptocurrency - April 1, 2025
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French blockchain solutions company The Blockchain Group has just made its largest Bitcoin (BTC) purchase to date, acquiring 580 BTC for approximately $50.64 million.

This marks the company’s third BTC investment since it began buying Bitcoin in November 2024, signaling a strong commitment to the crypto space.

The Blockchain Group’s Bitcoin Buying Spree

💰 Latest Purchase:

  • Bought 580 BTC at an average price of $88,020 per coin
  • Total purchase cost: $50.64 million
  • Made through its Luxembourg-based subsidiary

🛠 How Did They Fund It?

  • The company used funds from a convertible bond issuance announced on March 6.
  • This aligns with their Bitcoin Treasury Strategy, which focuses on holding BTC as a store of value.

📜 Previous Purchases:

  • November 2024: First BTC buy – 15 BTC at $68,785 per coin
  • December 2024: Second BTC buy – 25 BTC at $97,692 per coin
  • Total BTC Holdings: 620 BTC (worth over $54 million at current prices)

📈 Stock Market Impact:

Since its first BTC purchase in November 2024, the company’s stock has skyrocketed by 225%! 🚀

The Blockchain Group’s stock (ALTBG.PA) closed today at €0.4975 ($0.54), up 3.09%.

Year-to-date, shares have surged 65.78%, suggesting that Bitcoin exposure has boosted investor confidence.

Will More Companies Buy Bitcoin in 2025?

Experts predict corporate Bitcoin adoption will grow even more in 2025, fueled by:
✔ Bitcoin’s growing status as a valuable asset
✔ A pro-crypto regulatory environment, especially under US President Donald Trump
✔ Companies looking to hedge against inflation and economic uncertainty

🏢 Big Players Are Jumping In:

  • MicroStrategy, the largest corporate Bitcoin holder, recently added 6,911 BTC, bringing its total to over 500,000 BTC.
  • US-based Fold Holdings also acquired 475 BTC this month.

🏛 Governments Are Joining Too:

  • US states like Utah and Kentucky are pushing laws to hold Bitcoin in their state reserves.
  • In Mexico, billionaire Ricardo Salinas has revealed that 70% of his investment portfolio is now in Bitcoin and crypto-related assets.

As of now, Bitcoin is trading at $86,838, down 1.1% in the last 24 hours.

The post French Firm The Blockchain Group Makes Biggest Bitcoin Purchase Yet—What’s Behind the Move? appeared first on The Cryptoplay : All updates about Cryptocurrency worldwide.



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