France's Capital B Expands Bitcoin Treasury to 3,538 BTC Following Share Offering

Capital B has expanded its core treasury reserves to 3,538 Bitcoin, valued at approximately $294 million, following an equity raise of $1.1 million to purchase 13 additional BTC. The French firm issued 172,978 ordinary shares at $6.45 per share via an at-the-market contract with Tobam. The purchase brings Capital B's total acquisition cost to $352.52 million at an average of $99,655 per coin. CEO Alexandre Laizet previously announced plans to aggressively accelerate Bitcoin accumulation using capital market financing, following a €21 million funding round in August.