Capital B Nears European Bitcoin Treasury Rankings Top Spot with €25.3 Million Purchase
Capital B has added to its growing stash of Bitcoin (BTC), acquiring 376 coins for €25.3 million, bringing its total holdings to 3,521 BTC.
This latest purchase brings Capital B within striking distance of European public company Bitcoin treasury rankings leader Bitcoin Group SE, which holds 3,605 BTC.
The company's aggressive accumulation strategy is funded through equity issuances and capital markets, a model that resembles MicroStrategy's approach in the US.
Captial B's recent €7.6 million investment from Adam Back, CEO of Blockstream, was part of a larger €21 million placement.