Capital B Raises $24.5M to Buy 270 Bitcoin
The placement could add another $158 million if all warrants are exercised, giving Capital B more room to expand its Bitcoin treasury.
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5 Articles
Capital B's €21M Paris Raise Targets 3,415 Bitcoin as Warrant Pool Hits $158M
Capital B just closed a €21.0 million private placement. That’s roughly $24.5 million, and the French Bitcoin treasury company didn’t… Read the original on Capital B Raises €21M to Acquire 270 Bitcoin, Eyes $158M Warrant Potential. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Capital B Raises €21M From Adam Back And TOBAM
Capital B, the Euronext Growth-listed company that bills itself as Europe’s first bitcoin treasury company, has raised €21 million ($24 million) in a private placement backed by Blockstream’s Adam Back and asset manager TOBAM — money it says could buy 270 more bitcoin and push its stack to roughly 3,415 BTC. The company said Friday that a total of 36,219,070 shares were sold at €0.58 each as part of the deal, a 6.45% discount to Wednesday’s clos…
Capital B captured approximately €21 million through an issue aimed at institutional investors, with Adam Back and TOBAM among its participants, to buy about 270 BTC and bring its reserves to about 3,410 bitcoins, if it completes the planned acquisition. *** Capital B issued approximately 36.22 million shares with warrants attached to €0.58 per share. The operation generated €19.9 million net after discounting the related expenses. The French co…
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