Capital B Secures €7.6M Placement from Adam Back for BTC Treasury
France-listed Capital B receives €7.6M subscription from Adam Back via shares and warrants that could fund up to 376 additional BTC.
Adam Back subscribed to a €7.6 million private placement in France-listed Capital B through 13,181,030 shares with attached warrants priced at €0.58 per unit.
Net proceeds are expected to reach about €7.3 million after fees. Full exercise of the warrants could bring in an additional €49.43 million on a conditional basis.
The placement lifts Back's stake from 14.82 percent to roughly 17.77 percent once the new shares are issued.
Treasury capacity and timing
Capital B currently holds 3,145 BTC following its August purchase of 5 BTC. The new financing provides capacity to acquire up to 376 more BTC, which would bring holdings to a 3,521 BTC target.
Closing was scheduled for September 3 but may slip due to technical requirements. No confirmation exists on the exact timing or final amount of any Bitcoin purchases.