Capital B Seeks $122 Billion Authorization to Increase Bitcoin Holdings

Odaily, 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 strategy, including a capital increase of up to €5 billion (equivalent to $5.8 billion) through the issuance of 125 billion shares at current par value, as well as a credit instrument authorization of €100 billion (equivalent to $116 billion).

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