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French Blockchain Firm Makes Bold Move with $50M Bitcoin Buy

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Qadir AK

The Blockchain Group, a French blockchain company, has significantly increased its Bitcoin holdings. On March 26, the company announced the purchase of 580 BTC for approximately €47.3 million ($50.8 million). This acquisition boosts its total Bitcoin reserves to 620 BTC. The move highlights the company’s confidence in Bitcoin as a key asset. As more firms embrace Bitcoin, The Blockchain Group’s investment signals growing institutional interest in the crypto space.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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