A French company, The Blockchain Group, just made its biggest Bitcoin purchase ever – a whopping 580 BTC! This is their third Bitcoin buy since November 2024.
The Details of the Purchase
This latest purchase cost them around $50.64 million, with an average price of $88,020 per Bitcoin. They bought it through their Luxembourg office and paid for it using money from a recent bond sale. This is all part of their plan to invest in Bitcoin.
Their first Bitcoin purchase (November 2024) was 15 BTC, and their second (December 2024) was 25 BTC. Now, they own a total of 620 BTC, worth over $54 million. Their stock price is also doing great, up 3.09% today and a massive 65.78% year-to-date! Since they started buying Bitcoin, their stock has increased by a huge 225%. They say this Bitcoin strategy is all about making the most of their extra cash.
More Companies Jumping on the Bitcoin Bandwagon
It looks like more and more companies are buying Bitcoin. Experts predict even more corporate Bitcoin adoption in 2025, thanks to its value and a friendlier regulatory environment under President Trump.
For example, a huge company called Strategy recently bought another 6,911 BTC, bringing their total to over 500,000! And Fold Holdings added 475 BTC to their reserves. Even some US states like Utah and Kentucky are looking into adding Bitcoin to their treasury. Plus, a Mexican billionaire, Ricardo Salinas, said almost 70% of his investments are in Bitcoin and related stuff.
At the moment, one Bitcoin is worth about $86,838.
