Europe’s second-largest Bitcoin treasury firm gains approval to expand financing capacity amid mixed corporate crypto strategies.
Capital B shareholders approved up to $120 billion in financing capacity to bolster its Bitcoin strategy. The firm holds 3,139 BTC, valued at $200 million, trailing Germany’s Bitcoin Group SE, which owns 3,604 BTC worth $230 million.
Capital B has raised $325 million to date, including a $17.8 million round from investors like Blockstream CEO Adam Back and asset manager TOBAM. The move contrasts with firms like Sequans Communications, which recently exited its crypto treasury strategy, monetizing its 658 BTC holdings.
Shares of Capital B remained stable following the announcement, reflecting muted market reaction to the financing approval.