Capital B Secures €21 Million in Fundraising Effort

Capital B, a French Bitcoin treasury company, has secured €21.0 million ($24.5 million) through private share placement at €0.58 per ABSA.

This follows an announcement on August 28 that the fundraise was conducted without pre-emptive subscription rights, with the participation of Adam Back, CEO of BlockStream, and asset manager TOBAM.

Capital B plans to use the proceeds to acquire 270 BTC, increasing its total holdings to 3,415 BTC. At current prices, this would be worth around $249 million, placing it as the 29th largest publicly traded Bitcoin treasury company.