Bitcoin Treasury Firm Capital B Now Holds Over 2,249 BTC as Price Hits $116K

Group 1: Company Overview - Capital B, Europe's first Bitcoin Treasury Company, has completed multiple capital increases to strengthen its Bitcoin reserves [1][2] - The company has acquired a total of 48 additional bitcoins valued at approximately $5.6 million through recent fundraising rounds [2][3] - Following these purchases, Capital B and its Luxembourg-based subsidiary now hold a total of 2,249 bitcoins, acquired at a total cost of $242.4 million with an average price of $107,902 per coin [5] Group 2: Financial Performance - Capital B reported a bitcoin yield of 1,536.6 percent since the start of the year, translating into a gain of 614.6 bitcoins and over $71.3 million in profit [4] - An additional capital increase is expected to finance the purchase of about 18 more bitcoins, which would raise total holdings to 2,267 [5] Group 3: Market Context - Bitcoin has recently crossed $116,000, extending its gains by almost 5% over the past week [1] - Bitcoin is currently trading above its 20-day and 50-day exponential moving averages, indicating a strong market position [6] - Despite the positive market performance, some analysts express caution regarding Bitcoin's relative underperformance compared to gold and equities [7][8]