Capital B Secures €7.6M from Adam Back for Expanded Bitcoin Holdings
Capital B, Europe's first Bitcoin Treasury Company, has secured €7.6 million in funding from Adam Back to expand its Bitcoin holdings.
The company will use the fresh capital to purchase more Bitcoin, with potential holdings reaching 3,521 BTC after acquiring an additional 376 BTC.
The investment also includes attached warrants that could provide up to €49.4 million in additional capital if exercised.
Adam Back's stake in Capital B will rise from 14.82% to 17.77%, with the potential to climb to 27.8% if all warrants are exercised.