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Cointelegraph

Capital B adds 376 Bitcoin in $29M purchase, boosting holdings to 3,521 BTC

Capital B’s latest Bitcoin purchase was its largest in nearly a year, pushing the French company ahead of H100 Group among publicly traded BTC holders.French Bitcoin treasury company Capital B has acquired 376 Bitcoin (BTC) for 25.3 million euros ($29.5 million), bringing its total holdings to 3,521 BTC.The purchase was funded after Capital B completed roughly 30.1 million euros ($35 million) in…

Photo: Cointelegraph

Capital B’s latest Bitcoin purchase was its largest in nearly a year, pushing the French company ahead of H100 Group among publicly traded BTC holders.French Bitcoin treasury company Capital B has acquired 376 Bitcoin (BTC) for 25.3 million euros ($29.5 million), bringing its total holdings to 3,521 BTC.

The purchase was funded after Capital B completed roughly 30.1 million euros ($35 million) in capital raises, including a private placement backed by investors Adam Back and TOBAM, according to a Monday announcement.

The company bought the Bitcoin at an average price of 67,182 euros apiece, with Swissquote Bank Europe executing the purchase and Taurus providing custody.

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Originally published by Cointelegraph. Read the full story at the source →

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