Capital B Expands Bitcoin Holdings with $20M Raise
- Capital B purchased 192 BTC for $15 million (€13 million), increasing its total holdings to over 3,135 BTC.
- The company raised approximately $20 million (€17.15 million) through a private placement involving over 23 million shares.
- Blockstream CEO Adam Back participated in the funding round, highlighting growing institutional interest in Bitcoin treasury strategies.
- Year-to-date, Capital B reported a Bitcoin yield of 1.82%, with quarterly gains of 31.4 BTC.
- The company rebranded from The Blockchain Group in July to focus on Bitcoin accumulation.
Capital B’s aggressive strategy in accumulating Bitcoin reflects the increasing trend among European companies to bolster their digital asset reserves through public equity markets.
With more than 3,100 BTC now on its balance sheet, Capital B positions itself as one of Europe’s leading publicly listed Bitcoin treasury firms.( Source )
