Capital B buys 192 Bitcoin for 13 million euros after funding round

A France-based company focused on accumulating Bitcoin as a corporate reserve asset has significantly expanded its holdings this week. Capital B announced it purchased 192 Bitcoin for approximately 13 million euros, or 15.2 million dollars, following the completion of a recent funding round.

The acquisition increases the company's total Bitcoin treasury to 3,135 BTC. According to a statement from Alexandre Laizet, the company's Bitcoin strategy director, the latest tranche was acquired at an average price of about 78,948 euros per Bitcoin. The company stated the total value of its reserves is approximately 283.6 million euros, with an average purchase price across all holdings reported as 90,451 euros per Bitcoin.

The purchase was funded by capital raised in a recent financing round totaling roughly 17.15 million euros. The funding was structured through three separate transactions. The largest portion, approximately 15.2 million euros, was raised through a private placement of shares, each accompanied by four subscription warrants. An additional 850,000 euros was secured through an agreement with the French asset manager TOBAM, and a further 1.1 million euros came from share...