Capital B Surpasses H100 Group with €29.4M Bitcoin Acquisition
Capital B, a French Bitcoin digital asset treasury (DAT), has made its largest acquisition in roughly a year. The company purchased 376 BTC for €25.3 million ($29.4 million) on September 7th at an average price of about €67,182 per BTC.
This purchase lowered Capital B's overall Bitcoin acquisition cost and allowed it to overtake Sweden's H100 Group in publicly traded companies holding Bitcoin.
With a total of 3,521 BTC worth $275.64 million, Capital B is now around 25th among publicly traded Bitcoin DATs, behind Germany's Bitcoin Group SE which holds about 3,605 BTC.
The company raised €21 million from institutional investors to expand its BTC holdings and has been using periods of lower Bitcoin prices to increase the amount of BTC it controls.