Home Capital B Expands Bitcoin Treasury With New $15M BTC Purchase

Capital B Expands Bitcoin Treasury With New $15M BTC Purchase

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Capital B Expands Bitcoin Treasury With New $15M BTC Purchase
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Capital B, a France-listed Bitcoin treasury firm, has increased its Bitcoin holdings again by buying 192 BTC for about $15.2 million.

The company said it bought the latest batch at an average price of about $78,948 per Bitcoin. After this purchase, Capital B now holds 3,135 BTC, making it one of Europe’s top corporate Bitcoin holders.

Alexandre Laizet, Capital B’s Bitcoin strategy director, shared the news soon after the company finished a new fundraising round. The round included investors like Adam Back and Paris-based asset manager TOBAM.

Capital B is now one of the top Bitcoin treasury firms worldwide and is the second largest publicly listed Bitcoin holder in Europe, after Bitcoin Group SE.

This purchase happened while Bitcoin is still well below its all-time highs. While some treasury firms are being more cautious, Capital B is still increasing its Bitcoin exposure.

Even after the announcement, Capital B’s shares fell about 2.4% on Monday and are still much lower for the year. Still, the ongoing buying shows management is confident in Bitcoin’s long-term growth.

Across the Bitcoin treasury sector, companies are taking different approaches. Some, like Strategy, are buying more, while others are hedging risks or cutting back to handle volatility and debt.

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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