🚨 Another company raises €21 million—just to keep hoarding more BTC!
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The game plan of a Bitcoin treasury company is still being upgraded.
Based in Paris, Capital B has just completed a private placement financing of about €21 million. After deducting relevant fees, the company is expected to receive roughly €19.9 million in proceeds. And the primary use of this money is very straightforward: continue buying BTC and expand the company’s Bitcoin reserves.👀
According to Capital B’s own estimates, if the financing is successfully completed and the funds are used to purchase BTC, the company could add roughly 270 BTC. Its holdings would rise from the current 3,145 BTC to nearly 3,415 BTC. This also means that, for more and more listed companies, the logic is becoming crystal clear: raise money through financing, convert the raised funds into BTC, and finally link the company’s balance sheet directly to BTC price movements.
But this time, what’s truly worth paying attention to isn’t just how many BTC Capital B buys—it’s the financing structure behind it. Capital B is issuing more than 36 million ordinary shares, and each share is also attached to 4 warrants. If all of these warrants are exercised in the future, the company may theoretically receive additional funding of over €135 million.
It sounds tempting, but there’s also a very real downside—shareholders may face further dilution.📉
Capital B’s own data shows that if shareholders who previously held 1% of the company do not participate in this financing, then after the initial issuance is completed, their ownership could fall to about 0.90%. And if all warrants are exercised in the future, that proportion could drop even further to around 0.65%.
So yes, the company does have the opportunity to raise more money to keep accumulating BTC—but to expand its BTC reserves, existing shareholders also need to bear the risk that their shares are continually diluted. Even more noteworthy is that institutional investors such as Adam Back and the asset management firm TOBAM appear on this financing roster. Adam Back’s stake is expected to increase from about 12% to 14.82%, and TOBAM will also add to its position. This suggests that, at least at the institutional level, people are still willing to bet on the “listed company + BTC treasury” model.
Click the avatar to watch the livestream + join the Jiujiu chat group for daily strategies🚀
#BTC #CapitalB #机构投资
Group: 点击进入玖玖的粉丝群
The game plan of a Bitcoin treasury company is still being upgraded.
Based in Paris, Capital B has just completed a private placement financing of about €21 million. After deducting relevant fees, the company is expected to receive roughly €19.9 million in proceeds. And the primary use of this money is very straightforward: continue buying BTC and expand the company’s Bitcoin reserves.👀
According to Capital B’s own estimates, if the financing is successfully completed and the funds are used to purchase BTC, the company could add roughly 270 BTC. Its holdings would rise from the current 3,145 BTC to nearly 3,415 BTC. This also means that, for more and more listed companies, the logic is becoming crystal clear: raise money through financing, convert the raised funds into BTC, and finally link the company’s balance sheet directly to BTC price movements.
But this time, what’s truly worth paying attention to isn’t just how many BTC Capital B buys—it’s the financing structure behind it. Capital B is issuing more than 36 million ordinary shares, and each share is also attached to 4 warrants. If all of these warrants are exercised in the future, the company may theoretically receive additional funding of over €135 million.
It sounds tempting, but there’s also a very real downside—shareholders may face further dilution.📉
Capital B’s own data shows that if shareholders who previously held 1% of the company do not participate in this financing, then after the initial issuance is completed, their ownership could fall to about 0.90%. And if all warrants are exercised in the future, that proportion could drop even further to around 0.65%.
So yes, the company does have the opportunity to raise more money to keep accumulating BTC—but to expand its BTC reserves, existing shareholders also need to bear the risk that their shares are continually diluted. Even more noteworthy is that institutional investors such as Adam Back and the asset management firm TOBAM appear on this financing roster. Adam Back’s stake is expected to increase from about 12% to 14.82%, and TOBAM will also add to its position. This suggests that, at least at the institutional level, people are still willing to bet on the “listed company + BTC treasury” model.
Click the avatar to watch the livestream + join the Jiujiu chat group for daily strategies🚀
#BTC #CapitalB #机构投资
