Capital B's 69.5 million euro first-half loss is 97% a non-cash Bitcoin impairment of 67.5 million euros. The Paris-listed company raised $30 million in the half and holds 3,538 BTC, up 25% since January. The loss line says little about cash.
Perspective Coverage
3 publishers
- Builder
- Builder 8%
- Operator
- Operator 32%
- Investor
- Investor 60%
Reality
- Evidence74
- Adoption
- Not scored
- Hype gap+12
- Incentives55
- Confidence72
Adam Back's 7.6 million euro tranche took him to 17.64% of the ordinary shares, and the placement it sat in priced above Capital B's own at-the-market print, a premium more typical of ordinary financing than of discounted rescue money.
Reality
- Evidence68
- Adoption30
- Hype gap+40
- Incentives62
- Confidence64
California would pay 1,000 households near the Inglewood Oil Field up to $5,000 each
California lawmakers passed AB 1661 and Gov. Gavin Newsom is expected to sign it by October. The money it hands out was collected from operators for keeping low-producing wells running at the Inglewood Oil Field.
Reality
- Evidence42
- Adoption22
- Hype gap+35
- Incentives70
- Confidence55
Capital B bought its latest 376 bitcoin at 23 per cent below its own cost basis
A Paris-listed company holding 3,521 coins says it wants one per cent of all Bitcoin, and the distance between those two numbers is the story the Euronext turnover ranking is being asked to carry.
Reality
- Evidence30
- Adoption36
- Hype gap+55
- Incentives70
- Confidence38
Remixpoint sells four altcoins worth 4.5% of its crypto book to become bitcoin-only
Buyers in Japan, France, the UK and Dallas all added bitcoin in the same week; the Singapore name in the group sold its whole stack this year to repay $8.5m of debt, which is what a forced seller looks like.
Reality
- Evidence48
- Adoption63
- Hype gap+37
- Incentives72
- Confidence52