The Blockchain Group Boosts Bitcoin Holdings by 580 BTC, Valued at $50.64 Million

The Blockchain Group, a global umbrella for companies focused on data intelligence, artificial intelligence, and decentralized technologies, has significantly expanded its Bitcoin holdings. The company recently added 580 BTC to its treasury, marking its largest purchase to date. This acquisition, valued at approximately $50.64 million at current market prices, was disclosed after market hours on March 26. This move comes after an impressive 225% surge in the company’s stock price since it began investing in Bitcoin in November of 2024.

The Blockchain Group’s Bitcoin buying strategy appears to be aligned with key moments in the broader crypto market. Its first purchase of 15 BTC occurred on November 5, coinciding with Donald Trump’s US election win. The second acquisition of 25 BTC took place on December 4, as Bitcoin hovered around $96,000, just before it hit six figures. The most recent purchase on March 26 arrived just before the end of Q1 2025, a quarter in which Bitcoin underperformed compared to historical averages, and a few weeks ahead of the April 20 Bitcoin halving anniversary.

The company’s strategy is intended to make use of excess cash and favorable financing options. This purchase also coincides with a renewed momentum in corporate Bitcoin holdings. Industry players have been closely watching this trend, with some suggesting that Bitcoin can serve as a viable asset strategy for public firms lacking robust business models. Michael Saylor’s firm Strategy recently surpassed the 500,000 BTC mark after buying 506,137 Bitcoin as part of the company’s 12-week buying spree from November through January.

GameStop, another company that has been making headlines, saw its shares jump by close to 12% on March 26 after announcing plans to purchase Bitcoin. The move will be financed through debt, with GameStop unveiling a $1.3 billion convertible notes offering after the market closed that day. These convertible senior notes, which can later be turned into equity, will fund general corporate initiatives, including Bitcoin acquisition, which is in line with the company’s updated investment policy. GameStop’s stock closed at $28.36 on the NYSE, posting an 11.65% gain for the day.

GameStop’s move mirrors a broader trend of companies incorporating Bitcoin into their corporate treasuries. Japanese firm Metaplanet plans to acquire 21,000 BTC by 2026, and it experienced a significant increase in its stock and market capitalization after embracing its Bitcoin strategy. Semler Scientific also reported a rise in its share price after disclosing its intent to buy Bitcoin. According to data, 34 publicly traded companies currently hold Bitcoin on their balance sheets.

This growing trend of corporate Bitcoin adoption is drawing a lot of commentary from industry players. N7 Capital founder Anton Chashchin believes that it will be worth watching whether other companies follow suit. US angel investor Jason Calacanis agreed with this, and suggested that Bitcoin can serve as a viable asset strategy for public firms lacking robust business models.

In contrast, Bitcoin mining stocks took a hit after reports that Microsoft is scaling back its plans to invest in new artificial intelligence data centers in the United States and Europe. This news triggered share price drops for major crypto mining firms including Bitfarms, CleanSpark, Core Scientific, Hut 8, Marathon Digital, and Riot. The decline shed some light on the growing reliance of Bitcoin miners on AI-related revenue streams, particularly after the April 2024 Bitcoin halving event that reduced mining rewards and tightened margins across the industry.

Benchmark analyst Mark Palmer thinks that while Microsoft’s decision was expected by some investors, the broader market reaction may be more closely tied to Bitcoin’s stagnant price and growing investor fatigue in the sector. Mining difficulty is also at historically high levels, compounding the challenges for miners already grappling with weaker crypto prices. To adapt, many mining companies started repurposing their infrastructure to support high-performance computing for AI workloads. A March report shared some details about this shift, and pointed out that miners are increasingly diversifying into AI data center hosting to boost revenue.

In June of 2024, Core Scientific committed 200 megawatts of capacity to power AI models developed by CoreWeave. However, these plans may now face additional headwinds. Microsoft’s decision to cancel or delay data center projects adds a new layer of uncertainty. Analysts attributed the move to a perceived oversupply of computing capacity for AI applications and a scaling back of some planned collaborations with OpenAI. For now, this shift is the start of a more cautious phase for AI infrastructure spending and raises concerns for Bitcoin miners hoping to capitalize on the sector.