Capital B raises €7.6 million for its Bitcoin strategy

Capital B, a company listed on Euronext Growth Paris, announces a €7.6 million fundraising. This transaction, in the form of a private placement of shares with warrants, was subscribed to by Adam Back, a strategic investor. The price is set at €0.58 per share, representing a 15.4% premium over the previous closing price.

The fundraising aims to bolster Capital B's Bitcoin holdings, a long-term reserve asset. If all warrants are exercised, the transaction could generate an additional €49.4 million. The company, the first Bitcoin Treasury Company in Europe, already holds 3,521 Bitcoins.

The new shares will be traded on Euronext Growth Paris. The placement does not require a prospectus, simplifying regulatory approval. If the shares are exercised, the stakes of existing shareholders will be diluted.