ChainCatcher report: Capital B issued approximately 36.22 million warrants attached shares (ABSA) to global institutional investors at a price of €0.58 per share, raising approximately €21 million. After deducting related expenses, the net proceeds amounted to approximately €19.9 million. Strategic investors include Bitcoin early developer Adam Back and asset management firm TOBAM, with Maxim Group serving as the exclusive placement agent. Capital B is a French Bitcoin reserve-listed company primarily focused on advancing its Bitcoin treasury strategy; the proceeds from this offering are intended to acquire approximately 270 additional bitcoins, bringing its total Bitcoin holdings to approximately 3,415 after the transaction.
Capital B Completes €21M Fundraising with Adam Back and TOBAM
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Summary
Bitcoin breaking news: Capital B raised €21 million by issuing 36.22 million ABSA shares at €0.58 each, generating net proceeds of €19.9 million. Strategic investors include Adam Back and TOBAM, with Maxim Group serving as the sole placement agent. The French Bitcoin reserve firm will use the funds to acquire approximately 270 additional Bitcoin, increasing its total holdings to 3,415 Bitcoin. This development represents a key milestone in its reserve strategy.
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