Capital B acquires €25.3m in Bitcoin after completing capital raises

Capital B has acquired 376 Bitcoin for €25.3 million after completing nearly €30.1 million in capital raises, taking the French-listed company’s strategic Bitcoin holdings to 3,521 BTC. Summary Capital B acquired 376 BTC for €25.3 million, increasing its strategic Bitcoin holdings to 3,521 BTC. The purchase was completed at an average price of €67,182 per BTC using proceeds from recently completed capital raises. Capital B completed €28.7 million in private placements involving institutional investors including Adam Back and TOBAM. The company reported a 2.17% BTC Yield year to date and a BTC Gain of 61.3 BTC. Capital B’s 3,521 BTC reserve has an aggregate acquisition cost of €309.4 million, averaging €87,878 per Bitcoin. According to Capital B’s Sept. 7 press release, the purchase was completed at an average price of €67,182 per Bitcoin using proceeds from its recently completed financing operations. The company now carries an aggregate acquisition cost of €309.4 million for its strategic BTC reserve, equivalent to an average purchase price of €87,878 per coin. The transaction completes a purchase Capital B had been preparing through two private placements and its existing capital...