- The Blockchain Group just dropped $40 million on Bitcoin, and their stock went full-on rocket emoji. 🚀
- Whales are swimming in, and The Blockchain Group is like, “Hold my beer.” 🐋🍺
So, The Blockchain Group decided to go big or go home and bought 580 Bitcoin [BTC]. That’s $40 million, folks. And guess what? Their stock went up by 226%. Because, of course, it did. 🙄
They announced this on March 26th via Euronext, and it’s like they’ve been watching too many crypto memes. Meanwhile, whales are out here making moves, and The Blockchain Group is like, “We’re in!” 🐳💸
Strategic accumulation meets market timing
They started buying in early March, which is basically when whales decided to throw a party. Wallets with over 10,000 BTC are like, “We’re back, baby!” and The Blockchain Group is just following the trend. 🎉
Oh, and they’re not stopping. They’re planning to buy more Bitcoin because, apparently, they’ve got a thing for digital gold. This is starting to feel like a MicroStrategy fan club. 🏦
Stock price and volume surge
After the news, their stock went from €0.42 to €0.51 faster than you can say “HODL.” Trading volume also went through the roof, because everyone loves a good crypto story. 📈
This chart is basically the stock market’s way of saying, “We believe in Bitcoin, but only when someone else does it first.” 🤷♀️
Bitcoin whales: The broader context
Whales are buying like it’s Black Friday, and the Whale Position Change (30D) metric is showing a net inflow of almost 100K BTC. It’s like they’re saying, “We’re not done yet!” 🐋💪
Bitcoin is trading near $87,000, and bulls are trying to break $88K. The 200-day MA is at $94,443, and the RSI is just chilling. Meanwhile, whales and The Blockchain Group are like, “Let’s do this!” 🐂
Conclusion
The Blockchain Group’s 580 BTC buy is the crypto equivalent of a mic drop. Their stock is up, whales are in, and Bitcoin might just be gearing up for another rally. 🎤
So, as the market tries to figure out what’s going on, The Blockchain Group is out here making moves and looking like the cool kid at the crypto party. 🕶️
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2025-03-28 00:10