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Capital B Acquires 44 Bitcoin, Boosting Holdings to 2,888 Coins

Bitcoin Magazine
Capital B acquired 44 Bitcoin for €2.7 million, increasing its total holdings to 2,888 BTC as part of its treasury strategy.

Summary

Capital B, Europe's first Bitcoin Treasury Company, purchased 44 Bitcoin for €2.7 million, raising its total holdings to 2,888 BTC. This acquisition was funded through recent capital raising operations, including an "ATM-type" capital increase with TOBAM generating €0.5 million and €3 million raised via share subscription warrants, with €2 million from TOBAM and €1 million from UTXO Management. The company reported a year-to-date BTC Yield of 0.72%, and its average acquisition cost for its BTC portfolio is €92,495 per coin. The acquisition and secure custody were handled by Swissquote Bank Europe SA using Taurus technology. Separately, the article notes that Bitcoin surged to $71,000 amid easing geopolitical tensions, while Strategy (MSTR) continued its accumulation, acquiring 1,031 BTC between March 16 and March 22.

(Source:Bitcoin Magazine)