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Capital B Lands $8.8M Adam Back Investment for 376 More BTC

Guavy AI Editorial Team
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Cryptocurrency treasury firm Capital B has secured an $8.8 million investment from Adam Back, CEO of Bitcoin developers Blockstream, to expand its holdings of BTC.

The company plans to use the proceeds to buy up to 376 bitcoin, which would take its total holdings to 3,521 BTC and make it the second-largest BTC treasury among Europe-listed public companies.

Capital B last reported holding 3,145 BTC acquired for €284.2 million, an average of €90,352 per coin. The new investment forms part of a larger deal worth €21 million, which also includes strategic investor TOBAM.

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