Capital B, the Euronext Growth-listed company that bills itself as Europe’s first bitcoin treasury company, raised €21 million in a private placement backed by Blockstream’s Adam Back and asset manager TOBAM. A total of 36,219,070 shares were sold at €0.58 each, a 6.45% discount to Wednesday’s closing price. Net proceeds are expected to reach about €19.9 million after fees and transaction costs. The funds could buy 270 more bitcoin and push Capital B’s total stack to roughly 3,415 BTC. The company ranks as the 27th biggest publicly traded bitcoin treasury worldwide, holding 3,145 BTC worth $245 million at bitcoin’s current price of $77,960.
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