CryptoWorld News reports that European capital B (formerly known as Blockchain Group) announced on June 17th that its shareholders have approved a plan to raise up to 105 billion euros (approximately $120 billion) to support the company's Bitcoin treasury strategy. The company plans to request 5 billion euros in new equity and 100 billion euros in debt from shareholders to facilitate its Bitcoin accumulation plan. Under the approved plan, Capital B can issue up to 5 billion euros in shares (equivalent to 1.25 trillion shares) and borrow up to 100 billion euros through credit instruments. The company currently holds 3,135 Bitcoins on its balance sheet, with a cost basis of approximately 283.6 million euros. Capital B aims to accumulate 1% of the Bitcoin supply by 2033.

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GasInTheHourglass
· 5h ago
European version of MicroStrategy, but the 100 billion euro debt interest pressure is not small.
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MevTeaDrinker
· 5h ago
5 billion shares + 100 billion in debt, accumulating 1% of the Bitcoin supply by 2033—can this KPI be achieved?
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SudoSatoshi
· 5h ago
€105 billion to buy BTC, this leverage play is even more aggressive than DeFi
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SilverLiningOfPessimism
· 5h ago
It feels like betting on fiat currency's long-term devaluation, using debt to exchange for hard assets.
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Mint-ColoredCalmness
· 5h ago
3,135 coins cost 283.6 million euros, which roughly translates to a cost price of around $90k, not including chasing the high.
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SeaSaltAirdropParticipants
· 5h ago
Is Europe also starting to establish national-level Bitcoin reserves? Capital B is making a bold move.
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