📊 Capital B’s new €21M raise could add around 270 BTC to its treasury—but the headline number doesn’t tell the full story.
On the surface, adding more Bitcoin sounds bullish.
But when you look at Bitcoin per diluted share, the impact appears much smaller.
The bigger concern is the warrant structure.
If the warrants are fully exercised, BTC per million diluted shares could fall by roughly 24% below its pre-deal level—unless the company adds significantly more Bitcoin to offset the dilution.
This is exactly why treasury headlines should not be judged by how much BTC a company buys alone.
The more important question is:
How much Bitcoin value actually remains for each shareholder after dilution?
More BTC on the balance sheet doesn't always mean more BTC exposure per share. 👀
#bitcoin #BTC #CryptoNews #CryptoMarket #Binance
On the surface, adding more Bitcoin sounds bullish.
But when you look at Bitcoin per diluted share, the impact appears much smaller.
The bigger concern is the warrant structure.
If the warrants are fully exercised, BTC per million diluted shares could fall by roughly 24% below its pre-deal level—unless the company adds significantly more Bitcoin to offset the dilution.
This is exactly why treasury headlines should not be judged by how much BTC a company buys alone.
The more important question is:
How much Bitcoin value actually remains for each shareholder after dilution?
More BTC on the balance sheet doesn't always mean more BTC exposure per share. 👀
#bitcoin #BTC #CryptoNews #CryptoMarket #Binance
