Capital B plans to acquire an additional 376 Bitcoins through an $8.8 million investment from Adam Back.
Paris-listed Euronext company Capital B (ALCPB) disclosed on Wednesday that it has raised €7.6 million (approximately $8.8 million) from Bitcoin developer and investor Adam Back to increase its Bitcoin holdings. The company plans to use these funds to purchase up to 376 Bitcoins, bringing its total holdings to 3,521 Bitcoins (approximately $269.5 million). This would make Capital B the second-largest Bitcoin holder among European public companies, trailing only Germany's Bitcoin Group SE. This funding is part of a total €21 million investment, which also includes strategic investor TOBAM.
Source:CoinDesk · Source Link
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