Capital B announced the acquisition of an additional eight Bitcoin for approximately €0.5 million, increasing the company’s total holdings to 2,844 Bitcoin as part of its ongoing Bitcoin treasury strategy.

The purchase follows a capital increase carried out through the company’s ATM-type financing program with asset manager TOBAM. 

The offering raised about €0.6 million through the issuance of new shares at an average price of €0.71 per share, with part of the proceeds used to fund the Bitcoin purchase.

The company reported that the newly acquired Bitcoin were purchased at approximately €60,934 per coin. 

Following the transaction, Capital B and its subsidiary The Blockchain Group Luxembourg SA hold a combined total of 2,844 Bitcoin with an aggregate acquisition value of approximately €264.4 million and an average purchase price of €92,971 per Bitcoin.

Capital B also reported a BTC Yield of 0.29% year-to-date and quarter-to-date, along with a BTC Gain of 8.1 Bitcoin and a BTC € Gain of about €0.5 million during the same period. 

The company uses these indicators to monitor the performance of its Bitcoin treasury strategy, which aims to increase the amount of Bitcoin held per fully diluted share over time.

The company’s shareholder base includes investors such as Fulgur Ventures and TOBAM along with Blockstream CEO Adam Back.

Share this article
The link has been copied!