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Crypto

Capital B Lands $8.8M Boost from Blockstream CEO Adam Back

Guavy AI Editorial Team
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Crypto news outlet Capital B has secured a significant funding boost from none other than Adam Back, CEO of Blockstream. The firm raised €7.6 million ($8.8M) through the issuance of 13,181,030 shares at €0.58 each, with four warrants per share as part of a larger €21 million round.

The funds will be used to purchase up to 376 BTC, increasing Capital B's total holdings to 3,521 BTC and making it the second-largest European bitcoin treasury behind Bitcoin Group SE. This significant acquisition positions Capital B for further growth in the crypto market.

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