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French Bitcoin Treasury Secures €7.6M from Adam Back Amid Plans for Further Expansion

Guavy AI Editorial Team
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BTC
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Capital B, a French Bitcoin treasury company, has secured an additional €7.6 million in funding from Adam Back, a pioneer in the field of cryptocurrency.

The funding comes through a private placement of 13.18 million shares at €0.58 per unit, which also carries four warrants for each share. These warrants can be exercised over three tranches and could bring an additional €49.4 million to Capital B if all are exercised.

The new funds will primarily be used to purchase more Bitcoin, with the company's current holdings standing at 3,145 BTC. With the potential addition of 376 more BTC, Capital B's total holdings would reach 3,521 BTC.

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