French bitcoin treasury company Capital B has raised €21 million from bitcoin developer Adam Back and asset manager TOBAM, with the proceeds intended to support additional bitcoin purchases, according to Bitcoin Magazine. Capital B currently holds 3,145 BTC, valued at more than $245 million at current prices. The financing adds to the company’s resources as it continues its bitcoin treasury strategy. The report did not provide further details on the terms of the fundraising or the timing and size of any future purchases. The development is directly relevant to bitcoin markets because it involves a corporate treasury increasing its potential capacity to acquire BTC. Capital B’s reported holdings represent the company’s existing bitcoin position, while the €21 million raise indicates new capital available for its stated purchasing plans.
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Bitcoin Magazine
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