Capital B Raises €15.2M to Buy 182 Bitcoins

Capital B, a Paris-listed Bitcoin treasury company, raised 15.2 million euros (about 17.8 million dollars) through a private placement of shares backed by Blockstream founder Adam Back and asset manager TOBAM, positioning the firm to acquire 182 additional bitcoins and expand its holdings.

The Euronext Growth Paris company issued 23 million ABSA units, each consisting of one share priced at 0.66 euros and four attached warrants, on a date corresponding to recent trading activity. The pricing represented a slight premium to the prior close. Net proceeds, after fees estimated at 14.4 million euros, will fund bitcoin purchases alongside ongoing operations, potentially lifting total holdings from 2,943 bitcoins to 3,125 bitcoins. The firm currently ranks as the 25th largest corporate bitcoin holder worldwide and the second largest in Europe, behind Germany's Bitcoin Group SE, with its stash valued at roughly 237 million dollars.

Each set of warrants includes two exercisable at 0.86 euros, one at 1.12 euros and one at 1.46 euros, maturing over five years. Full exercise of the 92 million warrants could generate up to 99.1 million euros in additional capital through new share issuance....