Capital B Raises €15.2 Million to Expand Bitcoin Holdings
- Funding Scale and Purpose: On May 11, Capital B raised €15.2 million ($17.8 million) through a private placement, intending to purchase 182 additional Bitcoins, increasing its total holdings to 3,125 BTC, thereby strengthening its position in the Bitcoin market.
- Investor Background: The round included notable investors such as Blockstream CEO Adam Back and Paris-based asset manager TOBAM, with the latter expected to hold a 4.20% stake post-placement, indicating strong institutional confidence in Capital B.
- Market Reaction and Stock Volatility: Following the funding announcement, Capital B's shares rose by 4.3%, trading near €0.67, although the stock is down approximately 11% year-to-date, reflecting a cautious market sentiment regarding its long-term strategy.
- Strategic Shift and Future Goals: Since 2024, Capital B has pivoted to a Bitcoin treasury company model, aiming to hold 1% of Bitcoin's total supply by 2033; despite current market volatility risks, its long-term growth potential continues to attract investor interest.
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Technical Analysis for SATS
Technical Sentiment Analysis for SATS (Ordinals) (SATS). As of , SATS (Ordinals) (SATS) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SATS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SATS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
SATS (Ordinals) (SATS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000000103 | 0.0000000112 | 0.0000000122 | 0.0000000131 | 0.000000014 | 0.0000000149 | 0.0000000159 |
| Fibonacci | 0.0000000112 | 0.0000000119 | 0.0000000124 | 0.0000000131 | 0.0000000138 | 0.0000000142 | 0.0000000149 |
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