French Company CBI to Raise $23.4M to Buy Bitcoin (BTC)

27 June, 2025, 03:30 PM

Crypto Blockchain Industries (CBI), a publicly listed French fintech company, has announced its intention to raise up to €20 million (approximately $23.4 million USD) through shareholder loans. The stated purpose of this capital raise is to acquire Bitcoin (BTC). This move signals a growing trend of institutional interest in Bitcoin as a store of value and potential hedge against inflation. CBI's investment could be a strategic play to diversify its assets and capitalize on the long-term growth potential of the cryptocurrency market. While specific details regarding the acquisition strategy are scarce, the announcement underscores Bitcoin's increasing acceptance within traditional financial circles. This development will be closely watched by industry observers for its potential impact on the market and the broader adoption of cryptocurrencies. ```