Capital B investors greenlight up to $120B for Bitcoin expansion

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alex.shardLegendary
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#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.
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tom.satoshiFull Member
Posts: 87 · Reputation: 549
#2Feb 1, 2021, 12:22 PM
So they approved, that's really funny thing, but how they are going to manage all those funds. I covered this topic when they announced they are going to vote for this, and I started a topic too, I was waiting for an update so I could share it in my last thread, but thanks for sharing it here. Please share your thoughts, on this from the perspective I covered it. I hope you don't mind me sharing it here:
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