Capital B Secures Up to $120B for Bitcoin Acquisition Strategy
- Over 95% of shareholders approved new capital-raising instruments worth up to €105 billion ($120.4 billion).
- The plan includes a potential increase of up to €5 billion in capital, equivalent to issuing as many as 125 billion new shares.
- Capital B currently holds approximately 3,139 BTC, valued at around $200 million.
- If fully exercised, the share issuance would dilute existing shareholders’ ownership to about 0.24%.
- To date, Capital B has raised about $325 million from various strategic investors.
The approval of these funding mechanisms is set to accelerate Capital B’s Bitcoin accumulation strategy, which aims to enhance the number of Bitcoin per fully diluted share over time.
With this initiative, Capital B positions itself as Europe’s second-largest Bitcoin treasury company, following Bitcoin Group SE’s holdings of approximately $230 million in Bitcoin assets.(Source)
