Capital B (The Blockchain Group, listed on Euronext Growth Paris under ALCPB) announced that it has acquired 48 BTC for approximately $5.5 million (€4.7 million). This acquisition increases the group’s total Bitcoin holdings to 2,249 BTC, which is valued at over $242 million (€206.3 million).
The funding for these purchases was sourced from recent capital raises: a €1.8 million “ATM-type” round with TOBAM at €1.72 per share that facilitated the acquisition of 17 BTC; a €2.5 million subscription by the TOBAM Bitcoin Alpha Fund at €1.69 per share enabling the purchase of 24 BTC; and a €0.7 million subscription from Fulgur Ventures at €0.544 per share allowing for an additional 7 BTC purchase. Capital B reported an impressive year-to-date (YTD) Bitcoin yield of 1,536.6%, with YTD gains amounting to 614.6 BTC (€60.6 million), alongside quarterly gains totaling 346.8 BTC (€34.2 million). Furthermore, an ongoing raise of €2.2 million subscribed by Adam Back could potentially add around 18 more BTC to their holdings, bringing the total up to approximately 2,267 BTC.