Capital B seeks $122 billion financing authorization to increase Bitcoin holdings

Odaily Planet Daily News: Alexandre Laizet, director of Capital B's Bitcoin strategy board, stated on X that the company has submitted a new proposal to the board, seeking shareholder approval for a capital raising authorization of up to $122 billion. The proposal aims to accelerate its Bitcoin treasury reserve strategy, including a capital increase of up to 5 billion euros (equivalent to $5.8 billion) through the issuance of 125 billion shares at current par value, and an authorization for credit instruments of 100 billion euros (equivalent to $116 billion).

Shareholders can vote online before the company's combined shareholder meeting on June 17. Previously, Capital B purchased 192 Bitcoins for $15.2 million, and subsequently bought 4 more Bitcoins, bringing its total holdings to 3,139 Bitcoins. (Cointelegraph)