Key Takeaways
According to BlockchainReporter, French holding company Capital B acquired 376 bitcoin, raising its total treasury holdings to 3,521 BTC.
According to BlockchainReporter, French holding company Capital B SA has finalized a €28.7 million private placement to purchase 376 bitcoin for €25.3 million. This latest acquisition brings the group's total treasury to 3,521 BTC, valued at approximately €309.4 million, with an average acquisition cost of €87,878 per bitcoin.
The private placement was subscribed by global institutional investors, including strategic investors Adam Back and TOBAM. The financing included a share placement and an ATM increase, with subscription warrants attached that could potentially raise an additional €185.3 million if fully exercised. Capital B utilized Swissquote Bank Europe SA for the purchase, while custody is provided by Taurus. Additionally, the company reported a year-to-date BTC Yield of 2.17%.
Listing on Euronext Growth Paris under the ticker ALCPB, Capital B continues to operate as Europe’s first Bitcoin Treasury Company, maintaining a strategy focused on increasing the amount of bitcoin held per fully diluted share over time. Alongside its subsidiary Capital B Luxembourg SA, the firm holds these assets separately from 61 additional bitcoin reserved for operational needs.
Source & Fact-Check Note
This report is synthesized from coverage by BlockchainReporter. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at BlockchainReporter ↗
