Capital B Boosts Bitcoin Holdings with Additional €280,000 Purchase
Capital B has increased its Bitcoin holdings by purchasing an additional five BTC for €280,000. The company's total Bitcoin reserves now stand at 3,145 BTC.
The funds used to acquire these new Bitcoins were raised through equity issuance, which generated approximately €301,460 in new capital.
Despite the significant acquisition cost of €284.2 million, the current net value of Capital B's Bitcoin reserve is only €170.9 million, indicating a substantial unrealized loss.
Capital B continues to focus on increasing its Bitcoin holdings per fully diluted share and has broad financing authority to make further purchases, signaling ongoing efforts to accumulate more BTC despite fluctuating prices.