Capital B seeks $122B funding mandate to buy more Bitcoin

Capital B is asking shareholders to approve up to $122 billion in capital-raising authority to accelerate its Bitcoin treasury strategy.

France-listed Bitcoin treasury company Capital B is asking shareholders to approve a massive new delegation of fresh capital-raising instruments, seeking authority to issue new equity and credit instruments to accelerate Bitcoin acquisitions.

Capital B submitted a new proposal to the board of directors seeking to allow the establishment of up to 5 billion euros ($5.8 billion) in capital increase through 125 billion shares at current nominal value and $116 billion in credit instruments, said Alexandre Laizet, the board director of Bitcoin Strategy at Capital B, in a Monday X post.

Shareholders can cast their votes online until the company's combined general meeting on June 17. 

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