Capital B asks shareholders for $122B funding authority to accelerate Bitcoin buys
CoinTelegraph •
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Promote with Leviathan NewsFrance-listed Capital B wants shareholders to authorize up to €5B of equity issuance and €100B of credit instruments, roughly $122B total, to speed up its Bitcoin treasury strategy before its June 17 general meeting. The company now holds 3,139 BTC after buying another 4 BTC on June 1, while its stock fell around 7% on the news and is down 44% over six months. The ask is massive for a small public treasury vehicle, and the real test is whether any issuance grows BTC per fully diluted share instead of just blowing out the cap table.
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