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Key Takeaways
- Bitcoin Treasury Capital completed a directed capital raise, generating approximately SEK 7.2 million in gross proceeds.
- The funding will be used to expand its Bitcoin holdings and support day-to-day operations.
Bitcoin Treasury Capital ($BTC AB), a Swedish firm that holds Bitcoin as its core reserve asset, announced Tuesday it had executed a directed issue of 60,400 preference A shares, raising approximately SEK 7.2 million ($786,000) in gross proceeds.
The company plans to use the fresh capital to acquire additional Bitcoin and support ongoing operations, in line with its long-term strategy to increase Bitcoin holdings per share.
$BTC AB currently holds 187 $BTC, valued at around $16 million, following the execution of a Bitcoin-denominated, interest-free convertible loan in August. The company could expand its Bitcoin treasury to 271 $BTC under the full convertible loan agreement.
Following the surge of interest in Bitcoin and digital asset treasury vehicles post-election, enthusiasm has cooled as firms reassess their strategies in response to heightened market volatility.
Accumulation has not stopped entirely, but the pace has slowed. Still, a handful of players, like Strategy and BitMine Immersion, continue to expand their holdings despite the slowdown.