The Blockchain Group adds 580 BTC as stock jumps 226% since Bitcoin pivot

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Related: Bitcoin must break this level to resume bull market as $2.4B in BTC leaves exchangesN7 Capital founder Anton Chashchin said in a recent statement viewed by Cointelegraph, “It’ll be interesting to observe if other companies take up the baton from GameStop and where this will lead the market.”Meanwhile, US-based angel investor Jason Calacanis said buying Bitcoin was a solution well-suited for public companies that do not have a suitable business model.

First purchases at pivotal Bitcoin momentsThe Blockchain Group’s first two Bitcoin purchases happened around significant milestones for the Bitcoin industry.It bought 15 BTC on Nov.5, the same day Donald Trump won the United States presidential election and before Bitcoin went on a month-long rally that saw it reach $100,000 for the first time in December.Bitcoin is up 24.38% over the past 12 months.

March 26 isn’t a major date for Bitcoin, but it’s five days before the end of Q1 2025 — a quarter where Bitcoin has underperformed compared to previous years’ first quarters — and it’s also approaching the first anniversary of the Bitcoin halving on April 20.

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Author / Journalist: Cointelegraph by Ciaran Lyons

Category: Crypto

Markets: United StatesFrance

Topics: Group Announced Purchase First Group’s Blockchain Bitcoin Stock March Latest Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 04:29:03 (3 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 548 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27363633

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