Capital B Increases Bitcoin Holdings Through Equity Offering
- Capital B raised $1.1 million on September 28, through an equity offering to purchase an additional 13 bitcoin.
- The firm issued 172,978 new shares at an average price of $6.45 each, marking a premium of approximately 3.8% over the prior session’s closing price.
- Following this acquisition, Capital B’s total bitcoin reserves increased to 3,538 BTC, valued at around $294 million.
- The shares will be traded on Euronext Growth Paris without needing a prospectus approved by the Autorité des Marchés Financiers (AMF).
- Year-to-date, Capital B reported a BTC yield of 2.20%, equivalent to a gain of approximately $5.22 million.
Capital B has strategically enhanced its bitcoin treasury holdings through a recent equity offering, expanding its reserves to over $294 million in value despite current market conditions putting these assets underwater.
This move aligns with similar strategies by other firms like Strategy, which also increased its bitcoin holdings recently.
