Capital B (ALCPB) operating as The Blockchain Group, has completed the acquisition of 62 bitcoin (BTC) for approximately $7.13M through its Luxembourg-based subsidiary.
This investment lifts the firm’s total holdings to 2,075 BTC, purchased at an average price of $104,803 per coin. The acquisition was funded via a $7.48M convertible bond issuance, subscribed by Tobam Bitcoin alpha fund.
Since the start of the year, Capital B has achieved a staggering BTC yield of 1,446% and a bitcoin gain of roughly 578.5 BTC.
This move underlines its long-term bitcoin treasury strategy focused on increasing BTC per fully diluted share, reinforcing its position as a leader in bitcoin-based financial structuring.
Capital B’s shares rose 1% on Tuesday, bringing its year-to-date gain to 760%.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
TL;DR A newly created Bitcoin wallet address beginning with bc1q4m was reported as withdrawing 1,350…
TL;DR U.S. spot Bitcoin ETFs recorded roughly $1.79 billion in weekly net outflows during the…
TL;DR Bitcoin slipped below the $60,000 area and continued defending the broader $59,000 to $60,000…
TL;DR Nearly 50,000 BTC were reported as moving to exchange addresses at a loss by…
The token is down nearly 7% on the week with the altcoins falling harder. Bitcoin…
Bitcoin has long been lumped in with precious metals as a hedge against a weakening…