Capital B Snaps Up 376 BTC for Record $29.4 Million Purchase

Capital B has made its largest Bitcoin purchase in over a year, buying 376 BTC for €25.3 million ($29.4 million). The French Bitcoin treasury firm funded the acquisition with proceeds from recent capital raises, including a €28.7 million private placement and an additional €7.6 million contribution by Adam Back.

The purchase marks a significant increase in Capital B's Bitcoin holdings, which now total 3,521 BTC acquired for a combined €309.4 million ($359.3 million). The company's average acquisition cost per Bitcoin stands at €87,878 ($102,058).