Capital B Completes €21M Private Placement to Expand Bitcoin Treasury
French company issues 36.2 million shares plus warrants at €0.58; net proceeds ~€19.9 million after fees, with Adam Back and TOBAM among investors.
Capital B raised €21 million (~$24.5 million) via private placement of 36.2 million shares plus warrants at €0.58 each. Net proceeds are approximately €19.9 million after fees and transaction costs.
Investors and Terms
Funds are earmarked primarily for Bitcoin purchases, supporting acquisition of 270 BTC and potential total holdings of 3,415 BTC. Investors include Adam Back and TOBAM; Maxim Group acted as placement agent. Warrants could raise up to €135.8 million if fully exercised.