ChainCatcher reports that Bitcoin News posted on X that French Bitcoin treasury firm Capital B acquired an additional 376 bitcoins for €25.3 million, increasing its holdings to 3,521 bitcoins. The funding for this purchase came from a recent financing round, which included a €28 million private placement, with Adam Back again investing €7.6 million, executed by Swissquote. The average cost basis for Capital B’s entire Bitcoin reserve is €87,878 per bitcoin.
Capital B increases its Bitcoin holdings to 3,521 BTC with a 7.6 million EUR investment from Adam Back.
ChaincatcherShare
Summary
Today’s BTC news reveals that French Bitcoin custodian Capital B has added 376 BTC to its holdings for €25.3 million, bringing its total BTC to 3,521. The funds originated from a €28 million private placement, with Adam Back contributing €7.6 million via Swissquote. Capital B’s average cost per BTC is now €87,878. This BTC update reflects a recent capital injection to expand its on-chain position.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.