Capital B shareholders have given their approval for a financing framework that enables the company to increase its Bitcoin treasury. The framework authorizes up to €5 billion in capital increases and €100 billion in credit instruments. This move is aimed at supporting the company’s strategy to expand its Bitcoin holdings over time.
The approval was made at the company's Annual Ordinary and Extraordinary General Meeting, where shareholders voted in favor of the resolutions with a majority exceeding 95%.
A total of 164,555,315 voting rights were represented at the meeting, accounting for 54.748% of the outstanding voting rights.
## Expansion Plans
The approved framework will allow the company to establish up to €5 billion in nominal capital increases and up to €100 billion in nominal credit instrument issuance.
This will provide the company with the necessary funds to increase its Bitcoin holdings and achieve its goal of accumulating 1% of Bitcoin's total supply by 2033.
The company has already made significant progress in building its Bitcoin treasury, with recent purchases bringing its total holdings to 3,139 BTC.
Capital B's strategy is focused on increasing the amount of Bitcoin held per fully diluted share over time, rather than solely focusing on total Bitcoin holdings.
## New Developments
In addition to the approved financing framework, Capital B is also exploring new products and services.
The company's board director of Bitcoin Strategy, Alexandre Laizet, recently disclosed plans for a Bitcoin-backed digital credit product aimed at European investors.
The product is designed to offer double-digit yields while maintaining volatility below double-digit levels.
## Company Background
Capital B, formerly known as The Blockchain Group, has built a reputation as Europe's first Bitcoin treasury company.
The company has set ambitious targets, including holding 15,000 BTC by the end of 2027.
With the approved financing framework, Capital B is well-positioned to achieve its goals and continue to grow its Bitcoin treasury.Based on reporting from crypto.news.
