France-listed Bitcoin treasury company Capital B is asking shareholders to approve a massive new delegation of fresh capital-raising instruments, seeking authority to issue new equity and credit instruments to accelerate Bitcoin acquisitions.
Capital B submitted a new proposal to the board of directors seeking to allow the establishment of up to 5 billion euros ($5.8 billion) in capital increase through 125 billion shares at current nominal value and $116 billion in credit instruments, said Alexandre Laizet, the board director of Bitcoin Strategy at Capital B, in a Monday X post.
Shareholders can cast their votes online until the company’s combined general meeting on June 17.
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The request comes as Capital B continues to accumulate Bitcoin while other smaller treasury companies are selling holdings, winding down strategies or turning to hedging programs as market pressure builds.
The shareholder motion was filed two weeks after Capital B acquired 192 BTC for $15.2 million at an average
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