Capital B raises $24.5M for its Bitcoin treasury amid market uncertainty with BlockStream’s Adam Back chipping in
French Bitcoin treasury company Capital B announced that it raised €21.0 million ($24.5 million) through private share placement. According to an Aug.
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Key Facts
- Fact 1: French Bitcoin treasury company Capital B announced that it raised €21.0 million ($24.5 million) through private share placement.
- Fact 2: 28 announcmeent, the fundraise was conducted at €0.58 per ABSA — one share bundled with four share-subscription warrants — without pre-emptive subscription rights.
- Fact 3: If all the issued warrants were to be exercised, Capital B would see a further €135.8 million ($158 million) capital injection through the issuance of 144,876,280 ordinary shares.
- Fact 4: The company reserves the right to trigger an accelerated warrant exercise period if the volume weighted average price of its shares over the previous 20 trading days exceeds 130% of the exercise price of the relevant warrant tranche.
French Bitcoin treasury company Capital B announced that it raised €21.0 million ($24.5 million) through private share placement. According to an Aug.
28 announcmeent, the fundraise was conducted at €0.58 per ABSA — one share bundled with four share-subscription warrants — without pre-emptive subscription rights. The raise saw the participation of legendary cypherpunk and Bitcoin-centric blockchain development firm CEO Adam Back as well as asset manager TOBAM. If all the issued warrants were to be exercised, Capital B would see a further €135.8 million ($158 million) capital injection through the issuance of 144,876,280 ordinary shares.
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Original source: Cointelegraph
Also reported by Cointelegraph — Bitcoin.