The Blockchain Group, recently a company dealing with Blockchain Solutions announced His largest purchase of Bitcoin (BTC) so far acquires 580 BTC. This means the third takeover of BTC since it began to buy digital assets in November 2024.
The blockchain group buys 580 bitcoins
In its most critical takeover of BTC, the Blockchain Group bought 580 BTC for around USD 50.64 million at an average price of USD 88,020 per coin. As announced, the purchase was made through a subsidiary based in Luxembourg.
In particular, the acquisition was financed by revenues raised on the basis of the issue of replacement bonds announced on March 6. The transfer is in line with the Bitcoin treasury strategy.
We would like to remind you that the Blockchain Group made the first BTC purchase in November 2024, purchasing 15 BTC at an average cost of USD 68,785 for a coin. The second purchase took place in December 2024, when it bought 25 BTC at an average price of about USD 97,692.
After the latest takeover, the total BTC Holdings company is currently 620 BTC, with the total net assets of just over USD 54 million at current market prices.
According to data from Yahoo! Finance, actions of the Blockchain group (Altbg.PA) closed today’s trade session to € 0.4975 (0.54 USD), which is an escalate of 3.09% during the day. During the year, the company’s shares increased by impressive 65.78%, which suggests that its exposure to BTC has a positive impact on its quote.
The official website of the Blockchain Group states that its bitcoin bottle point is part of a wider strategy for optimizing the apply of cash and financial instruments. Since the first takeover of BTC, the company’s shares have increased by 225%.
BTC corporate adoption to growth in 2025.
The corporate reception of bitcoins is expected to escalate even further in 2025 beneficial Regulatory environment under the administration of the Pro-Crypto of the US President Donald Trump.
At the beginning of this week, the largest Bitcoin corporate owner, strategy, acquired Additional 6911 coins, exceeding the total number of resources over 500,000 BTC. In the same spirit, the American company financial services Fold Holdings announced Adding 475 BTC to the Corporate Treasury at the beginning of this month.
As corporate adoption increases, several US states also began legislative processes to add BTC to their treasures. For example, Utah AND Kentucky Recently, they have made significant progress thanks to bills for BTC booking.
In addition, the Mexican billionaire Ricardo Salinas revealed The fact that nearly 70% of his investment portfolio is allocated to bitcoins and related assets. During the BTC press it trades at USD 86,838, which is a 1.1% decrease in the last 24 hours.
A distinguished painting with unmplash.com, charts from Yahoo! Finance and tradingview.com
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