From Cointelegraph

March 27, 2025 12:29 am:

The Blockchain Group in France has added 580 Bitcoin to its treasury, totaling $50.64 million at current prices. The company’s stock has surged 225% since November when it began acquiring Bitcoin. This marks the largest of three purchases made by the organization, strategically timed around key Bitcoin industry milestones.

The Blockchain Group’s first two Bitcoin purchases coincided with significant moments in the Bitcoin industry, including the post-US presidential election rally and the anticipation of Bitcoin reaching a six-figure price. The latest purchase of 580 Bitcoin comes ahead of the end of Q1 2025 and the first anniversary of the Bitcoin halving on April 20.

Since starting its Bitcoin accumulation in November, The Blockchain Group’s stock has risen 225% to 0.48 euros ($0.52) on Euronext Paris. The latest purchase announcement was made after market close on March 26. Interestingly, GameStop shares also surged after announcing plans to purchase Bitcoin, financed through debt financing.

N7 Capital founder Anton Chashchin and angel investor Jason Calacanis have commented on the trend of public companies investing in Bitcoin. Michael Saylor’s firm, MicroStrategy, recently surpassed 500,000 Bitcoin holdings, reflecting a growing trend of corporate Bitcoin adoption. Strategy maintained a 12-week consecutive Bitcoin buying streak from November to January.

Read more at Cointelegraph: The Blockchain Group adds 580 BTC as stock jumps 226% since Bitcoin pivot