Capital B increases Bitcoin reserves by $15.2 million
France-registered Capital B announced the purchase of 192 Bitcoin for €13 million ($15.2 million). This acquisition brings the company's total holdings to 3,135 Bitcoin. Alexandre Laizet, Director of Bitcoin Strategy at the company, stated on X that each Bitcoin was purchased at an average price of $78,948. This was reported by Cointelegraph.com .
The transaction took place one week after the company raised $17.8 million from strategic investors, including Blockstream CEO Adam Back and Paris-based asset management firm TOBAM. Capital B became one of four crypto-treasury companies to publicly announce Bitcoin purchases in May.
Despite the market activity, Capital B shares fell 2.4% following Monday's announcement, trading at around €0.62. According to Yahoo Finance, the company's shares have declined 17% year-to-date and more than 68% over the past year.
Currently, Capital B ranks 25th globally in terms of reserve size. In Europe, it holds the second position, trailing Germany's Bitcoin Group SE, which owns 3,605 Bitcoin.
