Capital B seeks shareholder approval for up to $122 billion Bitcoin purchase
French firm Capital B (formerly The Blockchain Group) asks shareholders to authorize a funding mandate of $5.8 billion to $122 billion to buy Bitcoin, with a vote set for June 17.
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Capital B, the French company previously known as The Blockchain Group, is seeking shareholder approval for a massive Bitcoin acquisition. The firm wants a mandate to raise between $5.8 billion and $122 billion, with the funds earmarked for purchasing BTC.
The proposal will be put to a vote at the company's annual general meeting on June 17. If approved, it would represent one of the largest corporate Bitcoin treasury allocations to date.
Source: MarketTwits