Capital B Secures €21M to Boost Bitcoin Holdings
Capital B, a company listed on Euronext Growth Paris, has secured €21 million through a private placement subscribed to by international institutional investors, including Bitcoin pioneer Adam Back and asset manager TOBAM.
The funds will be used to acquire up to 270 bitcoins, which will bring Capital B's total holdings to 3,415 BTC. This move is part of the company's strategy to increase the number of bitcoins per share over time.
It's worth noting that each share issued comes with four warrants, which could yield an additional capital increase of €135.8 million if all are exercised. Maxim Group LLC acted as sole placement agent for this deal.
The deal ranks among the top 10% of private placements over the trailing 48 months, based on a sample of 5,673 comparable deals.