Odaily Planet Daily reports that this round of financing was led by strategic investor Adam Back, with Capital B issuing convertible preferred shares with warrants (ABSA) at a price of €0.58 per share, totaling approximately 13.1 million shares. If all warrants are exercised, the company will receive an additional €49.4 million in capital and issue 52.724 million common shares. Each ABSA comes with four warrants, with exercise prices of €0.75, €0.98, and €1.27 respectively. The issuance price represents a 15.4% premium over the closing price on September 1. The proceeds from this financing, combined with ongoing operational funds, are expected to enable the purchase of an additional 376 bitcoins, bringing the company’s total Bitcoin holdings to 3,521.
Capital B Completes a 7.6 Million EUR Funding Round with Adam Back
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Summary
Capital B has secured €7.6 million in funding at a share price of €0.58, issuing 13.1 million ABSA shares. Each share includes four warrants with exercise prices of €0.75, €0.98, and €1.27. If all warrants are exercised, the company could raise €49.4 million. Funding rates and operational cash flow will support the purchase of 376 additional bitcoins, increasing total holdings to 3,521. Investors are advised to monitor altcoins as market conditions evolve.
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