€21M Capital B Raise Leaves Dilution Risk Looming

Capital B is planning to raise €21 million through a private placement of shares with attached warrants. The funds will be used, along with operating capital, to purchase an additional 270 BTC.

This would bring the company's treasury to a potential 3,415 BTC, up from 3,145 BTC as of August 17.

On a diluted basis, the immediate deal is almost flat, with the number of BTC per million shares decreasing by just 0.02%.