alex.shardLegendary
Posts: 1019 · Reputation: 5623
#1Feb 1, 2021, 11:11 AM
Looks like shareholders of Capital B are on board with a huge financing plan for Bitcoin. This could really push Bitcoin adoption forward and shows that it's seen as a valuable asset for the future. The company, listed in France, just got the thumbs up from its investors to raise up to 105 billion euros (around $120.4 billion) for buying more Bitcoin in the future.
A whopping 95% of shareholders backed the plan, which includes raising up to 5 billion euros through new shares, potentially adding around 125 billion shares at their current nominal value. Plus, they can issue credit instruments totaling up to 100 billion euros. This was all announced by Capital B on Wednesday, and it's quite a big deal.