French company Capital B confirms the acquisition of 126 bitcoins for approximately €12.4 million, increasing its total asset holdings to 2,201 BTC.
Details of the BTC Acquisition
Capital B has confirmed that it has completed the acquisition of 126 bitcoins at an average price of €98,746 per BTC. The funding for this transaction was sourced from recent capital raises totaling €12.4 million, which included €8.7 million from Peak Hodl Ltd and €5 million from TOBAM BITCOIN ALPHA FUND.
Capital B's Strategy
These acquisitions are part of Capital B's positioning as Europe’s first Bitcoin Treasury Company, aiming to increase the number of BTC per fully diluted share over time. As of now, the company's net asset value (NAV) in BTC exceeds €217 million.
Financial Performance and Growth
Despite share dilution, Capital B continues to show strong financial results. The company recorded a BTC yield of 1,519.5% year-to-date, a BTC gain of 607.8 BTC, and a euro gain of over €60 million. These achievements highlight the success of Capital B's capital allocation strategy.
With this bitcoin acquisition, Capital B reaffirms its commitment to cryptocurrency accumulation, leveraging strategic partnerships and financing to enhance shareholder BTC exposure.
