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Capital B Secures $9M for Additional Bitcoin Buys

Guavy AI Editorial Team
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BTC
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French-listed Capital B is set to raise $9 million in fresh funding for additional Bitcoin purchases. According to reports, the company will secure $8.8 million through a private investment from Blockstream CEO Adam Back.

This new capital will be used to buy more Bitcoin, with estimates suggesting that Capital B can acquire approximately 376 additional units using the funds and cash generated by its existing business.

Capital B currently holds around 3,145 Bitcoin, ranking it 26th among publicly traded companies worldwide in terms of Bitcoin holdings. The proposed purchase would boost the company's position to 25th place.

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