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Capital B Secures €7.6M from Adam Back to Boost Bitcoin Treasury

Guavy AI Editorial Team
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Capital B, Europe's first bitcoin treasury company, has secured a €7.6 million investment from Adam Back, the CEO of Blockstream and one of the most well-known figures in the space.

The funds will be used to buy more bitcoin, expanding Capital B's current stash of 3,145 coins, which is currently worth around $242 million at today's price of $76,959 per coin.

This investment comes after a recent capital raise by the company, where it acquired 192 additional bitcoins for €13 million in May, bringing its total holdings to 3,145. Capital B aims to build a bigger bitcoin position as other treasuries look to raise funds and accelerate their buys.

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