Capital B has successfully raised €15.2 million through a private placement of shares with four attached warrants (ABSA), priced at €0.66 each. The placement attracted global institutional investors, including Adam Back and TOBAM. If all related warrants are exercised, the company could issue an additional 92.1554 million ordinary shares, potentially raising approximately €99.1 million more.
The funds from this financing round are primarily earmarked for increasing Bitcoin holdings. Capital B plans to acquire an additional 182 BTC, which would bring its total potential Bitcoin holdings to 3,125 BTC, supporting its ongoing operations.
Capital B Raises €15.2 Million in Private Placement to Boost Bitcoin Holdings
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