Blockchain Group reportedly purchased an additional 580 Bitcoins worth $50.64 million. The company's stock price has risen 1.2% since it first purchased Bitcoin in November 2024.
The purchase, the firm's largest of three Bitcoin purchases, was announced after the market closed on the 26th.
The Blockchain Group's first two Bitcoin purchases come at a key moment in the Bitcoin industry.
The company purchased 15 BTC on November 5, the day Donald Trump won the US presidential election, and Bitcoin continued to rise for a month until December, hitting 100,000 for the first time.
The second purchase was made on December 4th when Bitcoin was trading at $96,000. At the time, the market was expecting Bitcoin to soon hit the $100,000 mark.
Expectations grew that the cryptocurrency would hit $100,000, and in fact it surpassed $100,000 the next day. The date of this purchase, March 26, is not a significant anniversary for Bitcoin, but
This comes just five days before the deadline for the first quarter (Q1) of 2025, and also marks the first anniversary of the Bitcoin halving in April 2024 (April 20).
2025/03/27 16:27 KST
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