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.
cryptobriefing.com