Capital B Shareholders Approve Up to $5.76 Billion Equity Raise and $115.2 Billion Debt Refinancing for Bitcoin Buys

Capital B said its shareholder meeting approved a financing plan that would allow the company to raise up to about $5.76 billion through issuing new shares and refinance up to about $115.2 billion through credit instruments, with proceeds intended to increase its Bitcoin holdings. According to ChainCatcher, the disclosure was reported by BTCTreasuries. The report added that, based on current prices, the potential financing capacity could theoretically support purchases of more than 1.87 million BTC.