Capital B Boosts Bitcoin Holdings to 2,249 BTC Amid Price Surge

Capital B, listed on Euronext Growth Paris, has enhanced its Bitcoin reserves through several capital increases.

Bitcoin price crossed $116,000, extending gains by 5% over the past week.
Capital B raised funds to purchase 48 additional bitcoins worth approximately $5.6 million.
The company finalized a capital increase at $2.03 per share, raising about $2.12 million for 17 BTC acquisition.
A second round raised $2.94 million, fully subscribed by TOBAM Bitcoin Alpha Fund, acquiring 24 BTC.
Fulgur Ventures purchased shares at $0.64 each, raising $824,000 for 7 BTC acquisition.

Capital B's strategy resulted in a 1,536.6% bitcoin yield, gaining 614.6 bitcoins and over $71.3 million in profit.

Total Holdings and Strategic Outlook

Capital B holds 2,249 bitcoins valued at $242.4 million, with an average price of $107,902 per coin.
An additional capital increase is planned for purchasing 18 more bitcoins, raising total holdings to 2,267.

Bitcoin trades above $116K, surpassing its 20-day and 50-day exponential moving averages.
Economist Peter Schiff warns Bitcoin could be topping out before the Federal Open Market Committee’s meeting on September 17.
Schiff highlights Bitcoin's underperformance compared to gold, being 15% below its 2021 peak when priced in gold.
Despite challenges, Bitcoin remains a significant choice among cryptocurrencies.