Bitcoin News Today: European Firms Raise Over €21.6M to Expand Bitcoin Treasury Strategies

Public companies Capital B, H100 Group, and The Smarter Web Company are collectively raising significant capital to expand their Bitcoin treasury strategies, reflecting a broader trend of institutional adoption of the digital asset as a strategic corporate asset. These entities, operating in Europe, are leveraging newly raised funds to directly acquire Bitcoin, positioning themselves as pioneers in the integration of crypto into traditional corporate finance frameworks.

Capital B, listed on Euronext Growth Paris, has raised approximately €11.5 million through a mix of share issuance and convertible bonds. A major institutional investor, TOBAM’s Bitcoin Alpha Fund, subscribed €5 million in new shares and an additional €6.5 million in convertible bonds, priced at €2.90 and €3.66 per share, respectively. The funding is expected to enable the acquisition of around 160 new BTC, increasing its total holdings to approximately 2,173 BTC. As Europe’s first publicly traded Bitcoin treasury company, Capital B operates subsidiaries in AI, data intelligence, and blockchain consulting, and aims to scale its Bitcoin exposure on a per-share basis over time[1].

Similarly, H100 Group AB, a Swedish firm, has completed a directed share issue raising SEK 21.2 million ($2 million) at SEK 7.66 per share. The capital will be used to accelerate its Bitcoin treasury strategy. Since the inception of this strategy, H100 has raised a total of SEK 1.116 billion ($115.5 million) to invest in Bitcoin, demonstrating a consistent institutional appetite for digital assets in the region[1].

The Smarter Web Company, operating in the UK, recently raised £8.1 million through a placement and subscription of 3.96 million new shares at £2.05 each. A significant portion of the issuance went to an institutional investor and a high-net-worth individual. The funds will be allocated to its Bitcoin Treasury Policy, adopted in 2023, which includes accepting Bitcoin as a form of payment and holding the asset as part of its growth strategy. The capital raise underscores the company’s ambition to integrate Bitcoin into its broader digital services business and signals confidence in its crypto-aligned model[1].

Despite ongoing volatility in the Bitcoin market, these firms are maintaining a long-term investment outlook. Their fundraising efforts are not only reflective of risk tolerance but also highlight a belief in the future institutionalization of Bitcoin. The immediate deployment of capital into the spot market, alongside potential strategies such as staking and custody, demonstrates a diversified approach to capital management. While none of the companies have yet disclosed exact BTC balances, the continued flow of institutional capital into Bitcoin treasuries is a clear indicator of the asset’s growing legitimacy in corporate finance[1].

The developments at Capital B, H100, and The Smarter Web Company align with a broader shift in the financial landscape, where Bitcoin is increasingly viewed as a strategic asset for diversification and long-term value. Their efforts underscore how public companies worldwide are redefining their treasury strategies in response to the evolving digital economy[1].

Source:

[1] Capital B aims to raise approximately €11.5 million … (https://www.panewslab.com/en/articles/192d3421-b0e4-46cf-9e76-3f08113534e1)

[2] CryptoQuant: BTC is currently approaching the … (https://www.panewslab.com/en/articles/be8899b0-9223-4ee3-8b3f-d6a195953903)

[4] H100 Group Acquires 117.93 BTC in Treasury Strategy (https://www.bitget.com/news/detail/12560604892705)

[5] Crypto Short News – Latest Real-Time Updates (https://coinpedia.org/crypto-live-news/)