Capital B Drops $29M on Largest Bitcoin Purchase Since September

Capital B, a French digital treasury company, has made its biggest purchase of Bitcoin (BTC) in over a year. The acquisition consists of 376 BTC valued at approximately $29.4 million USD, bringing the company's total reserves to 3,521 units.

The operation was financed by a private placement of €28.7 million, which included an additional investment of €7.6 million made by Adam Back, now holding a 17.64% stake in the company.

This move comes as Bitcoin trades around $79,500 USD, following a recent peak near $81,700 USD. Capital B has dedicated €309.4 million to its BTC purchases, with an average price of €87,878 per unit.