The French The Blockchain Group added another 580 Bitcoin to its Bitcoin treasure, after a 225% boost in stock price, since she began to accumulate Bitcoin in November.
This is the largest of three Bitcoins purchases made by the organization, for Statement after 26 hours. At the time of publication, 580 Bitcoin is worth USD 50.64 million, and the Bitcoin (BTC) price is USD 87,311, According to For Coinmarketcap data.
First shopping at Pivotal Bitcoin Moments
The first two purchases of Bitcoin Group took place around significant milestones for the Bitcoin industry. He bought 15 BTC on November 5, on the same day Donald Trump won the presidential election in the United States, and before Bitcoin left for a monthly rally, in which he first reached $ 100,000.
Bitcoin has increased by 24.38% in the last 12 months. Source: Coinmarketcap
The second purchase was 25 Bitcoins on December 4, when Bitcoin traded for USD 96,000 during the rally after the election, and the expectation increased by about a six-digit price-what happened the next day.
On March 26, Bitcoin is not a more crucial date, but five days before the end of the second century 2025 – a quarter, in which Bitcoin was worse compared to the first quarters of previous years – and is also approaching the first anniversary of half of Bitcoin on April 20.
According to On the blockchain group website, the Bitcoin strategy was an attempt to apply the surplus of the holding company and appropriate financial instruments.
The Blockchain (AltBG) group is listed at Euronext Paris, the second largest stock exchange in Euronext Paris.
The company calls itself a “global umbrella” of companies specializing in data intelligence, artificial intelligence and decentralized technology. Since he started accumulating Bitcoins on November 5, ALTBG increased by 225% to 0.48 euros (0.52 USD), According to To Google Finance Data.
The latest purchase of Bitcoin was announced after the market is closed on March 26.
Blockchain Group SA has increased since she announced the accumulation of bitcoins. Source: Google Finance
It appears the same day when Gamestop shares jumped almost 12% after the company announced Bitcoin purchase plans.
The company plans to finance the purchase by financing the debt. After closing the markets on March 26, Gamestop announced a offer of convertible notes worth $ 1.3 billion.
Related: Bitcoin must break this level to resume the bull market as USD 2.4 billion in BTC stock exchanges
The founder of the N7 Capital, Anton Chashchin, said in the last statement, which was viewed through CointeLgraph: “It would be interesting to observe whether other companies will take over the Gamestop stick and where it will lead the market.”
Meanwhile, the American investor of the angel, Jason Calacanis, said that the purchase of Bitcoin was a solution well for public companies that do not have the right business model.
Michael Saylor, the original Bitcoin corporate adoption lawyer, led his company, strategy, until recently exceeding 500,000 Bitcoin Mark, currently having 506 137 bitcoins.
From November to January, the strategy maintained a 12-week Bitcoin shopping series.
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This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
