Capital B Raises €0.98 Million in Capital Increase Program with TOBAM
Capital B SA, Europe's first Bitcoin Treasury Company, has announced the final completion of capital increases. The company raised €0.98 million through the issuance of 172,978 new ordinary shares at an average rounded subscription price of €5.68 per share.
The shares were issued under the 'ATM-type' capital increase program with TOBAM, and the transaction does not require a prospectus subject to approval by the AMF.
As part of this capital increase, Capital B acquired 13 BTC for an amount of €0.97 million, bringing its total holdings to 3,538 BTC with an acquisition value of €310.6 million at an average price of €87,805 per bitcoin.
The company's Chief Executive Officer made use of the delegation of authority granted by the Board of Directors to carry out capital increases for a total amount of €982,872.69 through the issuance of new shares.