Another big story is that The Blockchain Group (ALTBG), based in France, bought 580 Bitcoin and added it to its growing collection. This comes after a massive 225% rise in its stock price since November, when it started buying Bitcoin. At the current price of $87,311 per Bitcoin, the buy is worth about $50.64 million. This is the most significant Bitcoin purchase the company has ever made, showing its commitment to using Bitcoin as part of its financial plan.
Strategic Bitcoin Buys at Market Milestones
The Blockchain Group has planned its Bitcoin buying to happen at key times in the market. It bought its first 15 BTC on November 5, the day Donald Trump won the election. This was before Bitcoin’s famous rise to $100,000 in December. Later, on December 4, just before Bitcoin hit $10,000 for the first time, the company bought 25 BTC. Even though March 26 isn’t a significant date for Bitcoin, it is five days before the end of Q1 2025, which has been a bad quarter for Bitcoin.
Bitcoin Adoption Lifts Stock Price
Since it began holding Bitcoin, The Blockchain Group’s stock on Euronext Paris has increased 226% to 0.48 euros ($0.52). A “global umbrella” of companies that work in AI, data intelligence, and decentralized technology is what the company calls itself. This massive increase in stock value shows that investors are becoming more confident in its Bitcoin-based plan, like what other companies have done by using Bitcoin as a treasury asset.
Accelerating Corporate Bitcoin Trend
GameStop’s decision to accept Bitcoin happened simultaneously with the Blockchain Group’s most recent purchase, which led its stock to rise 12%. GameStop has said it wants to buy Bitcoin and will pay for it by selling $1.3 billion in convertible notes. Like Michael Saylor’s company, leaders in the field have pushed companies to buy more Bitcoin. Strategy now has 506,137 BTC.Â
Conclusion
The Blockchain Group’s Bitcoin plan has paid off, as its stock price has gone through the roof and its Bitcoin holdings have grown. More businesses are starting to see Bitcoin as a possible asset, and ALTBG’s brave move could lead others to do the same.
