- Capital B secures €11.5M to grow BTC reserves to over 2,100 coins.
- Smarter Web raises £8.1M to advance Bitcoin-based treasury model.
- H100 hits $115.5M total for BTC strategy with new $2M share issuance.
The trconclude of public companies adding Bitcoin to their balance sheets is gaining steam in Europe. On Monday, August 4, French firm Capital B announced it has raised €11.5 million ($13.3 million) specifically to purchase more Bitcoin, the latest in a wave of similar shifts from companies across the continent seeing to apply the crypto as a treasury asset.
Capital B, which is listed on the Euronext Growth Paris exalter, declared the new financing will go toward the purchase of an estimated 160 Bitcoin. This purchase would bring the company’s total holdings to approximately 2,173 BTC. The deal was structured through new shares and convertible bonds, both of which were bought by the TOBAM Bitcoin Alpha Fund, a specialized crypto investment fund.
The post Capital B, H100 Group Lead European Push to Add Bitcoin to Corporate Balance Sheets appeared first on Coin Edition.
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