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Capital B Acquires 376 BTC for €25.3 Million, Total Holdings Reach 3,521 BTC
Capital B has purchased 376 Bitcoin for €25.3 million, increasing its total holdings to 3,521 BTC. This acquisition positions the European firm as one of the largest corporate Bitcoin holders on the continent, closing in on Bitcoin Group SE, which currently leads with 3,605 BTC.
The funding for this latest purchase was facilitated by a €7.6 million investment from Adam Back, CEO of Blockstream, as part of a larger €21 million capital raise. This strategic move follows Capital B's aggressive accumulation of Bitcoin since November 2024, during which it has significantly increased its holdings from 3,145 BTC.
Capital B aims to establish itself as Europe's first Bitcoin Treasury Company, similar to MicroStrategy in the United States. The firm has reported a year-to-date Bitcoin yield of 2.17%, indicating a positive change in Bitcoin per share. The custody of its Bitcoin assets is managed by Swissquote Bank Europe, a regulated financial institution.
Source: KLEA News