Capital B Doubles Down on Bitcoin with Another Large Purchase
Capital B has made another significant purchase of Bitcoin, adding 376 BTC to its treasury. The company spent around $29.4 million (€25.3 million) on the latest acquisition, paying an average price of roughly $78,025 (€67,182) per Bitcoin.
The purchase lifts Capital B's total Bitcoin holdings to 3,521 BTC, with a cumulative cost basis of approximately $359.3 million (€309.4 million). This means that the market value of its Bitcoin treasury remains below its accumulated cost, at around $279.7 million (€240.8 million).
The funding for this purchase came from recent equity raises, including private placements with institutional investors such as Adam Back and TOBAM. The company has now spent a total of approximately $359.3 million building its Bitcoin reserve.