Capital B Buys 192 Bitcoin for €13 Million, Raising Holdings to 3,135 BTC
The French listed company said the purchase lifted its Bitcoin treasury to 3,135 BTC, with an average acquisition price of about $78,948 and prior backing from investors including Adam Back and TOBAM.
BTC
Summary
Capital B announced that it purchased 192 Bitcoin for about €13 million, increasing its total holdings to 3,135 BTC. The French listed company said its average purchase price was about $78,948. It had previously raised $17.8 million from investors including Blockstream CEO Adam Back and TOBAM. The company had also reported a year-to-date Bitcoin yield of 1.82%, reflecting its ongoing use of Bitcoin as a treasury reserve asset.
Terms & Concepts
- Bitcoin treasury: A corporate reserve strategy in which a company holds Bitcoin on its balance sheet as part of its treasury assets.
- Bitcoin yield: A company-specific metric that generally measures growth in Bitcoin exposure relative to shares outstanding or capital over time.
- BTC: The ticker symbol commonly used for Bitcoin, the largest cryptocurrency by market value.