European cryptocurrency investment firm Capital B has significantly increased its Bitcoin holdings, acquiring an additional 58 BTC.
This latest purchase brings the company’s total Bitcoin treasury assets to 2,013 BTC, valued at more than €200 million.
The acquisition was funded through a capital raise secured earlier this month, amounting to €6.6 million. This funding round received backing from prominent figures in the cryptocurrency space, including Blockstream CEO Adam Back, and institutional asset manager TOBAM.
Capital B CEO Xavier Latil emphasized the strategic nature of the investment, stating it aligns with the company’s long-term vision.
Latil further noted that this significant Bitcoin allocation reflects a broader trend among institutional investors across Europe utilizing Bitcoin as a strategic treasury asset.
The active participation and endorsement of Adam Back is viewed as a key validation boost, potentially encouraging more European firms to explore Bitcoin for treasury diversification strategies.
Notably, there have been no reported adverse reactions from European Union regulatory authorities regarding Capital B’s Bitcoin treasury strategy.
This absence of regulatory pushback suggests a potentially supportive environment for institutional Bitcoin adoption efforts within the region.