Capital B Acquires 376 Bitcoin, Boosting Holdings to 3,521 BTC
- Capital B purchased 376 Bitcoin for €25.3 million ($29.5 million).
- The acquisition brings Capital B’s total holdings to 3,521 BTC.
- This purchase was funded by a capital raise of approximately €30.1 million ($35 million) from investors including Adam Back and TOBAM.
- The average purchase price was €67,182 per Bitcoin, with custody provided by Taurus.
- Capital B has spent a total of €309.4 million acquiring its Bitcoin treasury at an average cost of €87,878 per BTC.
The latest acquisition marks Capital B’s largest since September when it bought 551 BTC for €54.7 million in the previous year. This move positions the company as the 25th largest publicly traded holder of Bitcoin.
With this purchase, Capital B continues to expand its treasury amidst ongoing corporate accumulation trends in the market, now holding a total of 3,521 BTC. (Source)
