Capital B completed a €28.7M private placement and acquired 376 BTC, increasing total holdings to 3,521 BTC.
Macro & Markets ·
Capital B has closed a €28.7 million private placement alongside a €1.44 million ATM offering, using proceeds to purchase 376 BTC at a cost of €25.3 million. The moves expand the company and its subsidiary's combined bitcoin holdings to 3,521 BTC, according to the announcement.
Across all acquisitions, Capital B's total bitcoin position cost €309.4 million to accumulate, translating to an average entry price of €87,878 per coin. The capital raises represent a material increase to the entity's balance sheet and bitcoin reserve.
The timing and size of the private placement relative to current bitcoin market conditions remain unspecified. No details are provided regarding the subsidiary structure, the use of proceeds beyond bitcoin purchase, or any planned deployment of the €1.44 million from the ATM offering.