Capital B boosts Bitcoin reserves with $15.2M purchase
The 25th-largest Bitcoin treasury company acquired $15 million worth of BTC as one of only four treasury firms to announce a corporate Bitcoin investment during May.
France-listed Bitcoin treasury company Capital B announced Monday that it acquired 192 BTC for 13 million euros ($15.2 million), bringing its total holdings to 3,135 BTC.
Capital B purchased its latest tranche at an average price of about $78,948 per Bitcoin, Alexandre Laizet, Bitcoin strategy director at Capital B, said on X.
The acquisition comes a week after the company announced a $17.8 million raise from strategic investors, including Blockstream CEO Adam Back and Paris-based asset manager TOBAM. Capital B also raised $1.28 million from Back on May 4.