French tech agency The Blockchain Group has bolstered its Bitcoin holdings with the acquisition of 580 BTC, marking its largest acquisition up to now.
The announcement got here in a March 26 after-hours assertion, revealing that the most recent purchase brings the corporate’s Bitcoin treasury to new heights, with the acquisition valued at roughly $50.64 million based mostly on present costs.
The transfer follows a pointy 225% rise in The Blockchain Group’s inventory (ALTBG) because it started accumulating Bitcoin in November 2024.
Blockchain Group’s Bitcoin Buys Coincide with Key Crypto Market Milestones
Listed on Euronext Paris, the agency describes itself as a worldwide umbrella group targeted on AI, knowledge intelligence, and decentralized applied sciences.
The corporate’s earlier two Bitcoin purchases had been strategically timed round important occasions within the crypto area.
It acquired 15 BTC on November 5 — the day Donald Trump received the U.S. presidential election — forward of a significant rally that noticed Bitcoin attain $100,000 by December.
A second purchase of 25 BTC occurred on December 4, simply as market enthusiasm was constructing towards Bitcoin’s six-figure milestone, which it hit the next day.
Whereas March 26 doesn’t align with a particular Bitcoin occasion, the timing is notable.
The acquisition comes 5 days earlier than the shut of Q1 2025 — 1 / 4 that has underperformed in comparison with previous first quarters — and simply weeks forward of the Bitcoin halving anniversary on April 20.
The Blockchain Group has said that its Bitcoin accumulation technique is aimed toward optimizing extra money reserves and using applicable financing devices.
The Blockchain Group confirms the acquisition of 580 BTC for ~€47.3 million, the holding of a complete of 620 BTC, and a BTC Yield of 709.8% YTD.
→ Affirmation of the acquisition of 580 BTC for ~€47.3 million at ~€81,550 per bitcoin
→ Whole group holdings of 620 BTC for… pic.twitter.com/8CCCax4Y39— The Blockchain Group (@_ALTBG) March 26, 2025
The most recent buy was additionally introduced on the identical day GameStop noticed its inventory climb practically 12% following its personal Bitcoin acquisition plans and a $1.3 billion convertible notes providing.
Business specialists are intently watching this pattern. N7 Capital founder Anton Chashchin stated it stays to be seen if extra corporations will observe GameStop’s lead.
In the meantime, investor Jason Calacanis argued that Bitcoin represents an interesting choice for public corporations missing scalable enterprise fashions.
MicroStrategy, led by outspoken Bitcoin proponent Michael Saylor, lately surpassed 500,000 BTC in holdings, highlighting a broader pattern of company adoption.
41 Bitcoin Reserve Payments Emerge Throughout 23 States
The Blockchain Group’s latest buy comes amid a rising wave of comparable laws nationwide.
Thus far 41 Bitcoin reserve payments have been launched in 23 states, with 35 nonetheless into consideration.
Only in the near past, Kentucky Governor Andy Beshear formally signed Home Invoice 701, often called the “Bitcoin Rights” invoice, into legislation—making the state one of many newest to enact laws defending digital asset customers and operations.
Different states are making related strikes. Oklahoma’s Strategic Bitcoin Reserve Act (HB 1203), launched by Consultant Cody Maynard, lately handed the Home with a 77-15 vote and is awaiting a Senate determination.
In line with Bitcoin Legal guidelines, Oklahoma now ranks alongside Texas in second place within the race to determine state-level Bitcoin reserves.
Missouri can be within the combine, with its Particular Committee on Intergovernmental Affairs reviewing its personal Bitcoin reserve proposal.
In a associated improvement, two key Bitcoin payments in Arizona cleared the Home Guidelines Committee on March 24.
The submit The Blockchain Group Provides One other 580 BTC to Bitcoin Treasury Amid Inventory Worth Surge appeared first on Cryptonews.