Capital B Seeks Approval for $122 Billion Fundraising to Acquire Bitcoin
- Capital B aims to raise nearly $122 billion through a financing plan involving share issuances and credit instruments.
- The proposal includes raising up to €5 billion (US$5.46 billion) via share issuance and €100 billion (US$116.4 billion) through credit instruments.
- If approved, this could lead to the issuance of up to 125 billion new shares at a nominal price of €0.04 each.
- The company previously raised around $18 million for Bitcoin acquisitions and is focused on increasing Bitcoin per fully diluted share.
- Voting on the proposal will end on June 16, with postal ballots due by June 12 before midnight.
This fundraising initiative is part of Capital B’s strategy to enhance its Bitcoin holdings significantly, reflecting a growing trend among companies looking to accumulate digital assets.
With a potential raise of €5 billion and €100 billion in credit, Capital B is positioning itself for substantial growth in Bitcoin assets over time.
