Capital B to Potentially Add 376 BTC to Treasury via €7.6M Financing
Blockstream CEO Adam Back has participated in a private placement of €7.6 million for France-listed Capital B, which could enable the company to purchase up to an additional 376 Bitcoin (BTC). The funding comes from the issuance of shares with attached warrants and is expected to close on or around September 3, though delays are possible due to technical requirements. Capital B currently holds 3,145 BTC after acquiring more in August. This new financing could raise its holdings toward a target of 3,521 BTC. The transaction includes four warrants per share across three tranches with varying exercise prices and five-year maturities. Full warrant exercise could provide an additional €49.43 million to the company. This is part of Capital B's ongoing strategy to grow its Bitcoin holdings on a per-share basis, similar to other corporate BTC accumulation models. Adam Back’s stake in the firm will increase significantly if all warrants are exercised.
Topics: Bitcoin Capital B private placement treasury expansion