Summary
- Capital B said it is continuing its Bitcoin treasury strategy after spending 2.3 million euros to buy 37 more Bitcoin.
- The purchase raised Capital B's total holdings to 2,925 BTC and brought its year-to-date Bitcoin yield to 1.25%% and BTC Gain to 35.3 BTC.
- Capital B funded the purchase through OCA convertible bond conversions and a new share issuance, with an average purchase price of 92,096 euros and a total acquisition cost of 269.4 million euros.
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Capital B added to its Bitcoin holdings with a new purchase, extending its Bitcoin treasury strategy.
A company filing dated June 13 showed that Capital B recently bought 37 Bitcoin for 2.3 million euros. The purchase raised its total holdings to 2,925 BTC.
The company said the latest purchase brought its year-to-date Bitcoin yield to 1.25% and its BTC gain to 35.3 BTC. Its euro-denominated gains totaled 2.2 million euros over the same period.
Capital B funded the purchase through OCA convertible bond conversions and a new share issuance. Blockstream Capital Partners and UTXO Management converted existing convertible bonds into shares and also subscribed to new stock, investing about 2.8 million euros.
Capital B is listed on Euronext Growth in France and has made accumulating Bitcoin as a treasury asset its core strategy. Its average purchase price is about 92,096 euros per Bitcoin, and its total acquisition cost stands at 269.4 million euros.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
