Capital B raises €15.2 million to strengthen its Bitcoin strategy

Capital B, the first Bitcoin Treasury Company in Europe, has announced a €15.2 million fundraising round. The transaction was carried out through a private placement of shares with warrants (ABSA), subscribed at €0.66 per share by various international institutional investors, including strategic investors Adam Back and TOBAM. Each share entitles the holder to several warrants, the exercise of which would result in a potential additional capital increase of €99.1 million.

The proceeds from this funding round are intended to strengthen the company's bitcoin accumulation strategy, which is already underway to develop subsidiaries specializing in Data Intelligence, AI, and decentralized technologies. Capital B thus plans to increase its total holdings to 3,125 bitcoins.

Maxim Group LLC and Marex SA acted as lead manager and co-manager respectively in this transaction, which is based on a best efforts approach without a guarantee of settlement and delivery.