French bitcoin treasury company Capital B raised €7.6 million ($8.8 million) from Adam Back via a private placement of shares issued at a 15.4% premium. The deal comprises 13.18 million shares at €0.58 each, accompanied by four warrants per share exercisable over five years at tiered prices. Proceeds and ongoing operations could fund the acquisition of 376 additional BTC, bringing potential holdings to 3,521 BTC from 3,145 BTC currently. Back’s stake will rise from 14.82% to 17.77% after the transaction, and could reach 27.8% if all warrants are exercised.
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