Capital B, a company listed on Euronext Growth Paris and active in artificial intelligence, data intelligence, and Bitcoin treasury management, has acquired 126 Bitcoin for approximately €12.4 million ($14.4 million). 

The purchase brings the company’s total Bitcoin holdings to 2,201 Bitcoin, valued at about €201.5 million ($233.6 million) based on an average acquisition cost of €91,568 per Bitcoin.

The acquisition was financed through two recently completed share issuances. The first, at €3.47 per share and fully subscribed by Peak Hodl Ltd., raised €8.7 million for the purchase of 80 Bitcoin. 

The second, priced at €2.90 per share and subscribed by the TOBAM Bitcoin Alpha Fund, generated €5 million to acquire 46 Bitcoin.

The company also confirmed the conversion of all OCA A-02 convertible bonds held by TOBAM into 2,121,040 ordinary shares. 

In addition, Fulgur Ventures has requested the conversion of 4,760,000 OCA B-01 bonds into 8,750,000 ordinary shares.

For the year to date, Capital B reports a BTC Yield of 1,519.5%, representing an increase of 607.8 Bitcoin and approximately €60 million in euro terms.

Banque Delubac & Cie, registered with the AMF as a Digital Asset Service Provider, executed the acquisition and arranged custody through Taurus, a Swiss digital asset infrastructure provider.

Adam Back, CEO of Blockstream and a prominent figure in the Bitcoin industry, is among the company’s investors.

Share this article
The link has been copied!