Capital B Expands Bitcoin Holdings with New Purchase
- Capital B acquired 376 BTC for $29.4 million, increasing its treasury to a total of 3,521 BTC.
- The company has invested approximately $359.3 million in building its Bitcoin reserve, with an average acquisition price of about $102,061 per BTC.
- Recent purchases were funded through equity raises involving institutional investors like Adam Back and TOBAM.
- Capital B’s current Bitcoin holdings are valued at roughly $279.7 million, which is around $80 million below the acquisition cost.
- The company reported a year-to-date “BTC Yield” of 2.17%, with a “BTC Gain” valued at approximately $4.87 million.
Capital B continues to expand its Bitcoin treasury despite the market value being below the cost basis, indicating a strategic focus on long-term cryptocurrency exposure over short-term gains.
With substantial investments from key figures like Adam Back and asset manager TOBAM, Capital B’s strategy hinges on future Bitcoin price increases to bridge the current valuation gap of approximately $80 million between market value and acquisition cost. (Source)
