Capital B added 376 Bitcoin in a $29 million purchase, its largest single buy in nearly a year. The acquisition brings the company's total holdings to 3,521 BTC and moves it ahead of H100 Group among publicly traded Bitcoin holders.
The $29 million buy
The purchase was disclosed this week. It's the biggest chunk of Bitcoin Capital B has picked up in one go since around this time last year. The company didn't say why it stepped up now, but the size of the order suggests a deliberate shift in its accumulation strategy.
Climbing the holder ranks
With the new coins, Capital B now sits above H100 Group in the standings of publicly traded companies that hold Bitcoin. That's a notable jump — H100 Group had been ahead before this purchase. The gap isn't huge, but it's enough to change the order.
What the balance sheet looks like
Capital B's total now stands at 3,521 BTC. At current market prices, that's a position worth well over $250 million, though the company's cost basis isn't public. The purchase adds to a treasury that has been growing steadily, if not always this aggressively.
Capital B hasn't said when it might buy again. The last time it made a move this size, it waited nearly a year before repeating. Whether that pattern holds is anyone's guess.
