Capital B has expanded its Bitcoin treasury with the acquisition of 37 Bitcoin for approximately €2.3 million, according to a recent company update.

The purchase brings total holdings to 2,925 Bitcoin, as the firm continues to position Bitcoin as a core treasury asset.

The company reported a year-to-date BTC Yield of 1.25%, alongside a net gain of 35.3 Bitcoin over the same period.

Capital B stated that its holdings were accumulated at an average cost of €92,096 per Bitcoin, representing a total acquisition value of approximately €269.4 million.

The latest purchase follows a series of capital market activities, including share issuances and conversions, which have supported the company’s ongoing accumulation strategy.

The company’s investor base includes firms such as Fulgur Ventures and TOBAM, along with Adam Back.

Listed on Euronext Growth Paris, Capital B continues to increase its Bitcoin exposure through balance sheet expansion and capital allocation initiatives.

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