Capital B has raised €15.2 million ($17.8 million) through a private placement to enhance its bitcoin accumulation strategy. The funds will be used to purchase 182 BTC.
The France-based bitcoin treasury firm Capital B announced the successful completion of a private placement involving 23 million ABSA shares, priced at €0.66 per share. Each share comes with four share subscription warrants, which could potentially lead to an additional capital increase of €99.1 million ($116.6 million) if fully exercised.