Capital B Doubles Down on Bitcoin, Adds 376 BTC to Its Treasury

Capital B, listed in France, has significantly increased its Bitcoin holdings through a substantial purchase. The company bought 376 BTC for $29.4 million, bringing its total Bitcoin treasury to 3,521 BTC. Despite the market value of this treasuries being approximately $80 million below their acquisition cost of $359.3 million, Capital B continues to expand its exposure to Bitcoin.

The funding for this purchase came from recent equity raises involving investors like Adam Back and TOBAM. By increasing its Bitcoin holdings, Capital B is betting on future price gains despite the risks associated with Bitcoin's volatility and potential dilution from ongoing equity issuance.