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CaiKu Company Capital B's stock price drops after purchasing 192 Bitcoins
Techub News reports that, according to Cointelegraph, Bitcoin treasury company Capital B announced the purchase of 192 Bitcoins, and its stock price fell about 2.4% after the announcement on Monday, with the current trading price around 0.62 euros. Data shows that the company’s stock price has fallen 17% so far this year and more than 68% over the past year. Capital B is currently the 25th largest Bitcoin treasury company and the second largest in Europe, behind Germany’s Bitcoin Group SE, which holds 3,605 Bitcoins. Recently, other Bitcoin treasury companies have also been adjusting their strategies, such as Nasdaq-listed Nakamoto announcing the launch of a Bitcoin derivatives plan on April 24 to hedge risks, and Genius Group selling its remaining 84 Bitcoin holdings in February to pay off debt.