Crypto
Capital B Secures €7.6M from Adam Back to Fuel Bitcoin Expansion
Capital B, a French Bitcoin treasury company, has secured another round of financing to expand its BTC holdings. The firm raised €7.6 million in a private placement, with Bitcoin pioneer Adam Back subscribing to 13.18 million shares at €0.58 per unit.
The new shares will be admitted to trading on Euronext Growth Paris once the deal closes, but the warrants attached to them won't be listed separately.
Back's ownership stake in Capital B will rise to 17.77% of ordinary shares after the issuance, and could climb to 27.8% if all warrants are exercised.