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Crypto

Capital B Secures $24.5 Million for Bitcoin Treasury Amid Market Uncertainty

Guavy AI Editorial Team
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BTC
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Capital B, a French Bitcoin treasury company, has announced that it raised €21.0 million ($24.5 million) through private share placement at €0.58 per ABSA, one share bundled with four share-subscription warrants.

The raise saw the participation of Adam Back, CEO of blockchain development firm BlockStream, as well as asset manager TOBAM.

With this capital injection, Capital B plans to acquire 270 BTC, raising its total holdings to 3,415 BTC. This puts the company among the top 30 largest publicly traded Bitcoin treasury companies.

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