💰 Capital B to raise €21M for Bitcoin treasury expansion
Bitcoin treasury firm Capital B has announced a private placement to raise €21.01 million. The company intends to use the net proceeds and existing operating funds to purchase an additional 270 Bitcoin, aiming to increase its total holdings from 3,145 BTC to 3,415 BTC.
The deal involves issuing over 36 million shares at €0.58 per unit. While the immediate purchase keeps the Bitcoin-per-share ratio nearly flat at approximately 7.47 BTC per million shares, the structure includes warrants that pose a long-term dilution risk to existing holders.
#Bitcoin #CapitalB #CryptoTreasury #BTC
Bitcoin treasury firm Capital B has announced a private placement to raise €21.01 million. The company intends to use the net proceeds and existing operating funds to purchase an additional 270 Bitcoin, aiming to increase its total holdings from 3,145 BTC to 3,415 BTC.
The deal involves issuing over 36 million shares at €0.58 per unit. While the immediate purchase keeps the Bitcoin-per-share ratio nearly flat at approximately 7.47 BTC per million shares, the structure includes warrants that pose a long-term dilution risk to existing holders.
#Bitcoin #CapitalB #CryptoTreasury #BTC