Bitcoin treasury company Capital B plans to raise 21 million euros through a private placement of 36,219,070 shares with attached warrants at 0.58 euro per unit, to purchase an additional 270 Bitcoin. This would increase its treasury from 3,145 to 3,415 Bitcoin. The immediate Bitcoin per share dilution is nearly flat at a 0.02% decrease, but full exercise of the four warrants attached to each new share would reduce this ratio by 24.1%. Full warrant exercise would create 144,876,280 additional shares and provide 135.82 million euros in proceeds. The deal was expected to close on August 31 at the earliest.
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