Capital B Raises €21M to Expand Bitcoin Holdings
French Bitcoin treasury company Capital B has raised €21 million ($24.5M) through a private placement to expand its Bitcoin reserves.
The company expects to use the funds to purchase around 270 $BTC , potentially bringing its holdings to 3,415 BTC. Institutional investors including Adam Back and TOBAM participated in the deal.
The financing also comes with warrants that could provide another €135.8M if fully exercised, giving Capital B additional firepower to grow its Bitcoin treasury.
#BTC
French Bitcoin treasury company Capital B has raised €21 million ($24.5M) through a private placement to expand its Bitcoin reserves.
The company expects to use the funds to purchase around 270 $BTC , potentially bringing its holdings to 3,415 BTC. Institutional investors including Adam Back and TOBAM participated in the deal.
The financing also comes with warrants that could provide another €135.8M if fully exercised, giving Capital B additional firepower to grow its Bitcoin treasury.
#BTC
