Capital B Aims for 15,000 BTC Target with €21m Funding

Capital B, the 27th largest Bitcoin digital asset treasury (DAT), has announced plans to raise €21 million from institutional investors to purchase more BTC. The funding will be used in conjunction with ongoing operations to acquire approximately 270 additional BTC, bringing its total holdings to around 3,415 BTC.

The financing includes strategic investors such as Adam Back and TOBAM, who will see their shareholdings increase as a result. Capital B's stock price has dropped by 8.06% in the past trading day, trading at €0.57.

Capital B's strategy is to accumulate Bitcoin, with a target of achieving 15,000 BTC by the end of 2027. The company has already added 3,145 BTC to its vault, valued at $244.3 million.