Capital B Lands 376 BTC for €25.3 Million, Raises Holdings to 3,521

Capital B has made a significant move in its Bitcoin treasury strategy by acquiring 376 BTC for €25.3 million, pushing its total holdings to 3,521 BTC. The company raised fresh capital through a combination of financing tools that together raised more than €30 million. This includes an ATM offering worth €1.44 million and a private placement worth €28.7 million.

The acquisition brings Capital B's aggregate acquisition cost across all its Bitcoin holdings to €309.4 million, with an average cost per coin of €87,878. The company has been building its treasury position for some time, and this latest purchase is a significant addition to its portfolio.

Capital B's move into the market was swift, as it quickly put the fresh capital raised to work buying Bitcoin. This highlights the company's commitment to its Bitcoin treasury strategy and its confidence in the asset's long-term potential.