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Adam Back Injects €7.6M into European Bitcoin Treasury Company

Guavy AI Editorial Team
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Adam Back, CEO of Blockstream, has invested €7.6 million ($8.8 million) in Capital B, Europe's first bitcoin treasury company listed on Euronext Growth.

This investment is part of a larger fundraising effort by Capital B, which recently raised €21 million ($24 million) from global institutional investors, including Back and asset manager TOBAM.

The funds will be used to buy more bitcoin, with the goal of increasing its holdings to 3,521 coins from its current stash of 3,145.

Capital B's current bitcoin position is worth $242 million at today's price of $76,959 per coin.

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