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Capital B Buys 192 Bitcoin, Despite Stock Drop
Description
Capital B, a French company, recently acquired 192 Bitcoin, increasing its holdings to over 3,135. This purchase follows a €13M investment from notable backers like Adam Back and TOBAM. Capital B is one of four publicly traded companies to buy Bitcoin in May, despite its stock price dropping 17% YTD and 68% in the last year. Meanwhile, other companies are reducing Bitcoin risk, creating a mixed landscape in the Bitcoin treasury game.
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