Bitcoin News – Sept 9: Capital B’s BTC Treasury Climbs to 3,521 BTC

In Bitcoin news today, Capital B has completed the purchase of 376 BTC for €25.3M, closing out nearly €30.1M in capital raises and pushing the French-listed firm's strategic Bitcoin treasury to 3,521 BTC.

The transaction, confirmed on September 7, was executed at an average price of €67,182 per BTC using proceeds from financings the company had been lining up since late August, according to Capital B's September 7 press release.

The purchase closed one day before Capital B's scheduled 10-for-1 reverse stock split takes effect on September 8. The move mirrors a pattern seen across listed Bitcoin treasury companies, where equity raises are funneled directly into large-scale Bitcoin acquisition programs rather than held as idle cash.

This news dropped as Bitcoin is trading at $79,550, down -0.8% over the past 24 hours, although it's still up over +1% in the past week, as daily trading volume sits at $22.8Bn.

Bitcoin News: How the 376 BTC Purchase Was Funded

The €25.3M purchase drew on €28.7M raised through two private placements involving global institutional investors, including strategic investors Adam Back and asset manager TOBAM, according to the press release.

Each unit sold in the placements consisted of a share bundled with four subscription warrants, priced at €0.58 per share-and-warrant package.