BBX Update: Yesterday (April 14), two opposing developments occurred in the space of crypto treasury public companies: Capital B completed a new BTC purchase using proceeds from convertible debt conversion, steadily advancing its European Bitcoin treasury buildup; Dynamix and Ether Machine officially terminated their $1.6 billion SPAC merger after nine months, with Dynamix receiving a $50 million termination fee and now seeking a new merger target, while Ether Machine remains private. Key Highlights: —Capital B (ALCPB): Purchased 37 BTC (average price ~€60,892), increasing total holdings to 2,925 BTC, with an aggregate acquisition cost of €269.4 million and a YTD BTC yield of 1.25%; Completion of debt-to-equity conversions from Blockstream and UTXO Management, resulting in 36,613,919 new shares issued. —Dynamix (ETHM) & Ether Machine: The $1.6 billion SPAC merger was terminated on April 8; the $50 million termination fee has been confirmed. Dynamix must secure a new merger target by November 22, 2026. Ether Machine holds approximately 496,712 ETH and has no current plans for public listing. Source: bbx.com
Capital B purchases 37 BTC; Dynamix terminates $16B ETH SPAC merger
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Summary
Today’s BTC news shows mixed activity in the crypto treasury space. On April 14, Capital B (ALCPB) purchased 37 BTC at €60,892, increasing its total holdings to 2,925 BTC. Meanwhile, Dynamix (ETHM) terminated its $16 billion ETH SPAC merger with Ether Machine after nine months. Dynamix will receive a $50 million breakup fee and must identify a new target by November 2026. Ether Machine will remain private, holding approximately 496,712 ETH.
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