€105 billion bet on Bitcoin, Europe's move is even bolder than MicroStrategy's. Accumulating 1% of the supply by 2033—is this genuine conviction or a gamble on national destiny?

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.