Capital B Boosts Bitcoin Holdings with $7M Purchase
Capital B, trading as The Blockchain Group, just added another 62 bitcoin to its stash. The Luxembourg arm of the company handled the deal, shelling out around $7.13 million—roughly $114,905 per coin. That might sound steep, but it’s actually slightly below the average price they’ve paid so far.
With this latest buy, the firm now holds 2,075 BTC in total. They’ve been accumulating steadily, paying an average of $104,803 per bitcoin over time. Not bad, considering where prices were a few years ago.
How They Funded the Purchase
The money didn’t come out of thin air. Capital B raised $7.48 million through a convertible bond, and the Tobam Bitcoin Alpha Fund stepped in as the main backer. Convertible bonds are a bit of a gamble—they can turn into shares later—but it seems investors were willing to play along.
This isn’t just a one-off move, either. The company has been doubling down on bitcoin all year, and the strategy’s paying off. Their BTC holdings have grown by 578.5 coins since January, thanks in part to a jaw-dropping 1,446% yield. Even if you’re skeptical about crypto, those numbers are hard to ignore.
Why Bitcoin, and Why Now?
It’s no secret that Capital B sees bitcoin as a long-term play. Their goal isn’t just hoarding coins—they’re focused on increasing the amount of bitcoin per share, which could make their stock more attractive down the line. Whether that’ll work is anyone’s guess, but they’re clearly committed.
The market seems to like the approach. Shares inched up 1% on Tuesday, adding to an already wild year-to-date gain of 760%. That kind of growth doesn’t happen by accident, though it’s worth remembering crypto markets are anything but predictable.
Still, Capital B’s moves suggest they’re betting big on bitcoin’s staying power. Whether that’s genius or overconfidence, only time will tell. For now, though, they’re holding more BTC than ever—and showing no signs of slowing down.
