Blockchain Group’s Bitcoin Bet Surges 225% with $50M Addition

The Blockchain Group, a French tech company, has added 580 BTC to its reserves.

This latest purchase worth $50.64 million shows the company is serious about buying Bitcoin. It comes after the company’s stock price rose 225% since it started buying Bitcoin in November 2024.

According to CoinMarketCap, Bitcoin was at $87,311 when the announcement was made on March 26. This is the biggest single Bitcoin purchase by The Blockchain Group to date and shows its commitment to digital assets.

Bitcoin Buys Tied to Market Milestones

The Blockchain Group’s Bitcoin buys have been tied to major market events:

• November 5, 2024: The company bought 15 BTC the day Donald Trump won the US presidential election. This was the day Bitcoin hit a record $100,000 in December.

• December 4, 2024: It added 25 BTC when Bitcoin was at $96,000 just before it reached $100,000.

• March 26, 2025: The latest 580 BTC purchase comes 5 days before the end of Q1, a period of mixed Bitcoin performance. It also coincides with the one year anniversary of the April 20 halving.

This calculated approach shows The Blockchain Group is using Bitcoin’s volatility to its advantage.

Stock Surge and Market Reactions

Since The Blockchain Group started buying Bitcoin, its stock (ALTBG) has risen 225% to €0.48 ($0.52) according to Google Finance. The company listed on Euronext Paris describes itself as a leader in AI, data intelligence and decentralized technology.

Other companies are also buying Bitcoin:

• GameStop: Announced it will buy Bitcoin and its stock jumped 12%.

• Strategy: Led by Michael Saylor, the company now holds 506,137 BTC after a record 12 weeks of consecutive buying.

According to N7 Capital founder Anton Chashchin, this could encourage more public companies to add Bitcoin to their balance sheet. US based investor Jason Calacanis said Bitcoin could be a hedge for companies with unsustainable business models.

With more companies buying Bitcoin, The Blockchain Group’s latest purchase proves digital assets are part of modern investment strategies.