Exchanges· ★★★· neutral·

Capital B Turns Capital-Market Funding Into a Bitcoin Treasury

  • —Capital B holds 3,525 BTC bought for €309.7 million at €87,854 per coin
  • —In 2025 it raised €127.2 million via equity and €151.1 million via bitcoin-denominated convertibles
  • —The U.S. reserve holds forfeited BTC under a no-sale policy, not market purchases
  • —Strategy is measured in BTC per fully diluted share, with 47.84 million shares outstanding
Why it matters: Financing bitcoin treasuries through equity and convertible debt makes dilution and refinancing risk part of bitcoin's supply story.
#BTC
Source: Cryptonews.net
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