European institutional Bitcoin holder Capital B has elevated its cryptocurrency reserves to over 2,000 BTC following recent acquisitions, positioning itself as a major player in the region. The company added 58 BTC in a July transaction, financed through capital-raising initiatives including a €1.6 million ATM-type offering and a €5 million subscription from prominent investor Adam Back. This brings Capital B’s total holdings to 2,013 BTC.
Amid Bitcoin’s recent 0.67% price appreciation to $119,012, Capital B’s Bitcoin strategy demonstrated significant returns. Over the past year, its holdings generated an extraordinary 1,409.8% BTC-denominated yield, translating to a 563.9 BTC gain.
The company is advancing plans for a secondary listing on the U.S. OTCID market to expand shareholder accessibility and enhance liquidity. This initiative aims to provide American investors with exposure to Capital B’s Bitcoin-backed securities.
Capital B’s accelerated Bitcoin accumulation underscores institutional confidence in current market conditions and reinforces the firm’s strategic positioning within the cryptocurrency ecosystem.