Summary
- Capital B said it purchased an additional 44 bitcoins with an investment of about 2.7 million euros, bringing total holdings to 2,888 BTC.
- It said the purchase used funds secured through a recently completed capital raise, including a 500,000-euro capital increase and 3 million euros raised through warrant issuance.
- Capital B said the average acquisition price was 92,495 euros, and that it recorded BTC Yield of 0.72% and BTC Gain of 20.4 BTC this year, while maintaining a strategy to increase long-term bitcoin holdings per share.
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Capital B said it has made an additional bitcoin (BTC) purchase as it continues its strategy to expand BTC holdings.
On the 23rd, Capital B said in a press release, “Capital B purchased an additional 44 bitcoins (BTC), investing approximately 2.7 million euros.” The purchase was funded using proceeds secured through a recently completed capital raise.
The company said the transaction increased its total holdings to 2,888 BTC. The average acquisition price was about 92,495 euros, and the total acquisition cost was approximately 267.1 million euros.
Fundraising was also carried out simultaneously. Capital B completed a capital increase of about 500,000 euros at 0.76 euros per share, and additionally secured around 3 million euros through the issuance of warrants. Key investors included TOBAM and UTXO Management.
Performance metrics were also disclosed. The company said that year to date it has recorded “BTC Yield” of 0.72%, “BTC Gain” of 20.4 BTC, and a “BTC increase in euros” of approximately 1.2 million euros.
Meanwhile, Capital B said it is maintaining a treasury strategy to continuously increase its bitcoin holdings relative to shares on a fully diluted basis. The company said the strategy is focused on increasing long-term bitcoin holdings per share.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
