Crypto
Capital B's Bitcoin Stash Surges 12%, But Shareholders Feel No Benefit
Capital B's Bitcoin holdings have increased by 12% since August 17. The company now holds 3,521 BTC, up from 3,145 BTC.
The boost in Bitcoin stash is somewhat offset by the increase in diluted share count, which has little benefit for shareholders.
Capital B funds its Bitcoin purchases through operating cash, share sales, and borrowing. This includes issuing warrants and convertible debt that can dilute shares or increase obligations.