Capital B strengthens its position in Bitcoin with new acquisitions

Capital B has announced the acquisition of 37 bitcoins for a total of €2.3 million. This transaction is part of the company's strategy to continuously increase its bitcoin portfolio. To date, Capital B holds 2,925 bitcoins, representing an acquisition value of €269.4 million, with an average price of €92,096 per bitcoin.

The company also completed the conversion of 17,897,600 B-01 convertible bonds, held by Blockstream Capital Partners, into 32,900,000 Capital B shares. UTXO Management, for its part, converted 2,020,372 of these bonds, resulting in 3,713,919 new shares.

Finally, a 1.25% yield on bitcoins has been achieved since the beginning of the year, marking Capital B's successful efforts to increase its bitcoin holdings, despite market volatility.