Capital B shareholders approve €100B debt capacity
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Capital B shareholders have approved a financing framework that authorizes up to €5 billion (~$5.36 billion) in capital increases and €100 billion (~$107.15 billion) in credit instruments to support the company’s Bitcoin treasury strategy.
Capital B said in a June 17 press release that shareholders approved all resolutions presented at the company’s Annual Ordinary and Extraordinary General Meeting, including measures tied to expanding its capacity to fund future Bitcoin purchases. The company stated that the resolutions passed with support exceeding 95% of votes cast.
🟠 Capital B’s shareholders approve with a vast majority all resolutions at the Annual Ordinary and Extraordinary General Meeting held today ⚡️
Full Press Release (EN): https://t.co/O9rL2AkRaP
Full Press Release (FR): https://t.co/xELdi92Z9M
AGM Documents:…
The Paris-listed company said shareholders representing 164,555,315 voting rights participated in the meeting through attendance, representation, proxy voting, or correspondence voting. Capital B reported that participation accounted for 54.748% of the 300,564,232 voting rights outstanding on the meeting date.
Under the approved resolutions, the board now has authority to establish up to €5 billion in nominal capital increases and up to €100 billion in nominal credit instrument issuance. Capital B said the authorization supports its Bitcoin Treasury Company strategy, which focuses on increasing the amount of Bitcoin held per fully diluted share over time.
The company stated that the approved equity authorization could represent as many as 125 billion shares based on the current nominal value of €0.04 per share.
The vote concludes a process that began on June 2 when Alexandre Laizet, Capital B’s board director of Bitcoin Strategy, disclosed plans to seek shareholder approval for the financing capacity.
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