Crypto
Capital B Secures $24.5M to Bolster Bitcoin Treasury Amid Market Volatility
Capital B, a French Bitcoin treasury firm, has raised €21.0 million ($24.5 million) through a private share placement to bolster its Bitcoin holdings amidst market uncertainty.
The fundraise saw participation from Adam Back, the CEO of BlockStream and a legendary cypherpunk, as well as asset manager TOBAM.
Capital B issued one share bundled with four share-subscription warrants at €0.58 per ABSA without pre-emptive subscription rights, potentially unlocking an additional €135.8 million ($158 million) if all issued warrants are exercised.