Crypto
Capital B Boosts Bitcoin Holdings with $29M Purchase
Capital B has expanded its Bitcoin holdings by purchasing 376 BTC for approximately $29.5 million, bringing its total to 3,521 BTC.
The purchase price works out to an average of €67,182 per BTC, with the company's overall cost basis now at €87,878 per BTC.
Capital B funded the acquisition after raising around €30.1 million through a private placement backed by investors Adam Back and TOBAM.
The purchase was executed by Swissquote Bank Europe, while custody of the assets is held by Taurus.