Based in France, The Blockchain Group has increased its Bitcoin treasury by an additional 580 Bitcoin, fueled by a remarkable 225% rise in its stock price since it began acquiring Bitcoin in November.
This acquisition marks the largest of three Bitcoin purchases made by the organization, as noted in a statement released after hours on March 26. As of this publication, the 580 Bitcoin is valued at $50.64 million, with Bitcoin’s
BTCUSD
price trading at $87,311, based on data from CoinMarketCap.
Initial purchases at crucial Bitcoin moments
The Blockchain Group made its first two Bitcoin purchases during significant events in the Bitcoin market. The organization acquired 15 BTC on November 5, coinciding with Donald Trump’s victory in the U.S. presidential election, just before Bitcoin embarked on a month-long surge that saw it reach $100,000 for the first time in December.
Its second purchase consisted of 25 Bitcoin on December 4, when Bitcoin was priced at $96,000 during the post-election rally, as excitement built around the prospect of hitting a six-figure price, which occurred the following day.
While March 26 isn’t a particularly notable date for Bitcoin, it falls just five days prior to the close of Q1 2025—a quarter in which Bitcoin has shown weaker performance than previous first quarters. Additionally, it nears the first anniversary of the Bitcoin halving set for April 20.
According to The Blockchain Group’s official site, their Bitcoin strategy aims to utilize the holding company’s surplus cash alongside appropriate financing methods.
The Blockchain Group (ALTBG) is traded on Euronext Paris, which is Europe’s second-largest stock exchange by market capitalization.
The firm positions itself as a “global umbrella” of organizations that specialize in data intelligence, AI, and decentralized technologies. Since it began accumulating Bitcoin on November 5, ALTBG’s stock has surged by 225%, now standing at 0.48 euros ($0.52), according to data from Google Finance.
The recent Bitcoin acquisition was disclosed after the market closed on March 26.
This announcement coincided with a significant rise in GameStop shares, which increased by nearly 12% following the company’s plans to invest in Bitcoin.
The firm intends to fund the acquisition through debt financing; after market closure on March 26, GameStop revealed a $1.3 billion convertible notes offering.
N7 Capital founder Anton Chashchin noted in a recent statement, “It’ll be interesting to observe if other companies follow GameStop’s lead, and how this might influence the market.”
In a similar vein, U.S.-based angel investor Jason Calacanis mentioned that purchasing Bitcoin could be an effective strategy for public companies lacking a viable business model.
Michael Saylor, a prominent advocate for corporate Bitcoin adoption, has recently led his firm, Strategy, to surpass the threshold of 500,000 Bitcoin, currently holding 506,137 Bitcoin.
Between November and January, Strategy engaged in a consistent Bitcoin buying spree for 12 consecutive weeks.
This article does not provide investment advice or recommendations. Every investment and trading action carries risk, and readers should undertake their own research before making financial decisions.
