Capital B Closes €7.6 Million in Funding, Strategic Investor Adam Back Subscribes

According to an official announcement, Europe's first Bitcoin treasury company, Capital B (FR: ALCPB | US: CPTLF), announced the completion of a €7.6 million private placement. Strategic investor Adam Back subscribed to shares with four warrants attached (ABSA) at €0.58 per share, at a 15.4% premium over the previous trading day's closing price. If all warrants are exercised in full, an additional €49.4 million will be raised. The proceeds from this financing will be used primarily to accumulate Bitcoin reserves, expected to add 376 new BTC and bring the company's potential total holdings to 3,521 BTC. Following the financing, Adam Back's stake will increase to 17.77%.