Capital B Stock Sees 4.43% Rise After Bitcoin Fundraising

Capital B's stock price has risen by 4.43% to €0.68 following a fundraising announcement, where the company raised €15.2 million in bitcoins from international institutional investors. This marks the latest development in the company's efforts to bolster its bitcoin reserves.

The company has announced plans to acquire an additional 182 bitcoins using the funds raised, bringing its total reserve to over 3,100 BTC once executed. This operation is part of a sustained pace of fundraising, with Capital B having mobilized €1.1 million from Adam Back in early May and €0.4 million at the end of April.

Despite the recent rebound, the stock remains far from its long-term benchmarks, with a price that is 64.64% below the 200-day moving average at €1.92. The company's capital structure remains under pressure due to net short positions reported to the AMF, which have reached 2.75% of the capital.