Markets, Bitcoin, News Europe’s first bitcoin treasury firm has reached BTC yield of 1,446.3% year to date. 

Capital B (ALCPB) operating as The Blockchain Group, has completed the acquisition of 62 bitcoin (BTC) for approximately $7.13M through its Luxembourg-based subsidiary.

This investment lifts the firm’s total holdings to 2,075 BTC, purchased at an average price of $104,803 per coin. The acquisition was funded via a $7.48M convertible bond issuance, subscribed by Tobam Bitcoin alpha fund.

Since the start of the year, Capital B has achieved a staggering BTC yield of 1,446% and a bitcoin gain of roughly 578.5 BTC.

This move underlines its long-term bitcoin treasury strategy focused on increasing BTC per fully diluted share, reinforcing its position as a leader in bitcoin-based financial structuring.

Capital B’s shares rose 1% on Tuesday, bringing its year-to-date gain to 760%.

 CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More