Capital B Completes €58.1 Million Funding to Acquire Bitcoin

According to PANews, French publicly traded company Capital B has announced the completion of two funding rounds totaling €58.1 million. The investment was subscribed by Adam Back and institutional investors, with the funds allocated for the acquisition of 551 bitcoins. Currently, the company holds 2,800 bitcoins, valued at €261 million, with an average purchase price of €93,205 per bitcoin. Since the beginning of the year, the company's bitcoin yield has reached 1,651.2%, with a quarterly yield of 27.8%. The recent funding does not involve the issuance of new diluted shares, and all bitcoins are custodied by Swiss firm Taurus.