CapitalB seeks $122 billion financing authorization to increase its holdings in Bitcoin

Alexandre Laizet, director of CapitalB's Bitcoin Strategy Board, said at 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 fiscal reserve strategy, including raising up to 5 billion euros, equivalent to US$5.8 billion, through 125 billion shares with current face value, and 100 billion euros, equivalent to US$116 billion, of credit instrument authorizations. Shareholders can vote online before the company's joint shareholders 'meeting on June 17. Previously, CapitalB purchased 192 bitcoins for US$15.2 million, and then purchased 4 more bitcoins, bringing its total holdings to 3139.