Capital B raises €21 million to strengthen its Bitcoin strategy

Capital B, a company listed on Euronext Growth Paris, has announced a €21 million fundraising round. This capital increase was carried out through a private placement subscribed to by international institutional investors, including Adam Back and TOBAM. The primary objective is to support the company's Bitcoin Treasury Company strategy.

Each share issued comes with four warrants. If all warrants are exercised, this could result in an additional capital increase of €135.8 million. The proceeds from this transaction will be used for the potential acquisition of 270 bitcoins, bringing the total to 3,415 BTC held.

This fundraising is part of Capital B's strategy to increase the number of bitcoins per share over time. Maxim Group LLC acted as the sole placement agent for this transaction.