Blockchain Group Makes Record Bitcoin Purchase in Company History
Date: 2025-03-28 Author: Oliver Abernathy Categories: BUSINESS
Blockchain Group announced the largest purchase of Bitcoin since its inception. The deal was conducted through the Taurus platform with the mediation of Swissquote Bank Europe, a specialist in digital assets. The company used funds received from the placement of convertible bonds to finance the acquisition.
The company began building its crypto portfolio on key dates for the market. The first transaction - the purchase of 15 BTC - took place on November 5, 2024, coinciding with the day Donald Trump won the US presidential election. The second purchase, including 25 BTC, was completed on December 4 - at a time when the Bitcoin rate exceeded the $96,000 mark, reacting to the post-election rally.
Blockchain Group management explained that the strategy of accumulating bitcoins was part of a plan to optimally use excess liquidity. According to the company's representatives, their crypto portfolio has shown a stunning return of 709.8% since the beginning of 2024.
Thus, the company does not simply view bitcoin as an asset subject to speculation, but as an element of a long-term financial strategy. This highlights the growing trend among large companies to include cryptocurrency in their reserves.
It is worth noting that the American company GameStop took a similar step earlier. Its board of directors unanimously supported the initiative to use bitcoin as a reserve asset, which also signals a change in corporate financial policy and growing confidence in the first cryptocurrency.
