Capital B, the first Bitcoin Treasury company in Europe, has completed the acquisition of 44 bitcoins for €2.7 million, which brought the total to 2,888 BTC.
The purchase was made as part of the company’s ongoing Bitcoin Treasury Company strategy, which aims to increase the number of bitcoins in a sector that is significantly reduced over time, according to the company’s statement. Bitcoin Magazine.
The company he also completed several fundraising projects. The capital increase of “ATM type” by TOBAM made €0.5 million through the issuance of 669,906 new shares at €0.76 per share.
In addition, € 3 million was raised through share registration documents, with € 2 million registered with TOBAM and € 1 million with UTXO Management.
These services contributed to the recent acquisition of BTC and supported the company’s main strategy for storing wealth.
Capital B reported a year-to-date (YTD) BTC Yield of 0.72%, equivalent to a profit of 20.4 BTC and €1.2 million. The company also achieved a quarterly BTC yield of 0.72%, which reflects the growth of its bitcoin holdings relative to fully diluted shares. The average purchase price of its BTC share is €92,495 per coin, representing a total of €267.1 million.
Swissquote Bank Europe SA, a Luxembourg-registered virtual asset service provider (VASP), killed bitcoin and provided security protection through Taurus technology. The company reserves an additional 60 BTC for operational needs, separate from its assets.
Capital B is listed on Euronext Growth Paris and specializes in data analytics, artificial intelligence, technology consulting and development, and corporate finance.
Bitcoin is going up
Bitcoin rose to $71,000 on Monday, resume since the end of the week it falls near $ 67,000, following a sudden reduction in political tensions after Donald Trump announced a five-day pause in the preparation of US strikes against Iran.
The relaxation came after what Trump described as “very good” and “productive” talks with Tehran, reversing the market’s defensive stance against the threat of previous sanctions against Iran’s infrastructure.
In the meantime, Strategy continued to accumulate bitcoin, albeit slowly. Between March 16 and March 22, the company found 1,031 BTC for $76.6 million at an average price of $74,326 per coin, paid for by general trading. This is in contrast to two weeks ago, when Strategy sent over 1 billion dollars to bitcoin through shares and preferred dividends, indicating an increasing trend.
Strategy now holds 762,099 BTC, bought about $57.7 billion at an average price of $75,694 per coin.
Disclaimer: Bitcoin Magazine is owned by Nakamoto Inc. (NASDAQ: NAKA). Nakamoto Inc. it also has UTXO Management.
