Capital B spent $29 million to acquire 376 Bitcoin.

TechFlow reports that on September 8, according to Cointelegraph, publicly listed company Capital B announced the completion of a concentrated purchase round for Bitcoin (BTC). According to the latest disclosed transaction data, the company deployed approximately $29 million to purchase 376 BTC on the market.

Following this transaction, Capital B's total Bitcoin holdings have increased to 3,521 BTC. The acquisition stems from the company's prior financing plan, which includes investment backing from renowned cryptographer Adam Back, aiming to leverage the additional capital to accelerate the expansion of its digital asset reserves.