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

According to Odaily, Alexandre Laizet, Director of the Bitcoin Strategy Board at Capital B, stated on X that the company has submitted a new proposal to the board, seeking shareholder approval for 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 (equivalent to $5.8 billion) through 125 billion shares at current face value, as well as credit instrument authorization of €100 billion (equivalent to $116 billion).

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