Capital B to Raise $9 Million for Additional Bitcoin Purchases

• French-listed Capital B said it will raise $9 million in new funding for additional <a href="https://xpertsstudio.com/<a href="https://xpertsstudio.com/bitcoin-enters-rektember-after-best-august-since-2017/” title=”Bitcoin Enters ‘Rektember’ After Best August Since 2017″>bitcoin-up-25-in-august-but-the-real-battle-lies-at-81000/” title=”Bitcoin Up 25% in August, But the Real Battle Lies at $81,000″>Bitcoin purchases.
• Capital B said it will raise $8.8 million through a private investment from Blockstream CEO Adam Back and use the proceeds to buy Bitcoin.
• Capital B said it could buy 376 more Bitcoin with the new funds and cash from its existing business, lifting it to 25th among publicly traded companies by holdings.

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French-listed Capital B is raising $9 million in fresh funding to buy more Bitcoin.

BitcoinTreasuries.net said on Sept. 2 that Capital B plans to raise $8.8 million through a private investment from Blockstream Chief Executive Officer Adam Back.

The company will use the new funds to purchase Bitcoin. Combined with cash generated by its existing business, Capital B stands to buy about 376 additional Bitcoin.

Capital B currently holds about 3,145 Bitcoin, ranking 26th among publicly traded companies worldwide. The additional purchase would lift the company to 25th place by Bitcoin holdings.

Source: en.bloomingbit.io