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Capital B Raises €1.1 Million in Warrant Financing With Adam Back Participation

According to Capital B, Adam Back subscribed to a new €1.1 million warrant issuance, increasing his exposure to the French-listed Bitcoin treasury company.

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Summary

Capital B announced a fresh €1.1 million warrant issuance, with Blockstream CEO Adam Back subscribing to the financing and increasing his exposure to the French-listed Bitcoin treasury firm. The company had previously said it also amended the terms of its B-04 convertible bonds, reducing the conversion price on Adam Back’s OCA B-04 notes from €5.174 to €2.59 per share. The new announcement adds that the latest transaction deepens Back’s position in Capital B, while the source excerpt does not provide further details on the number of warrants, pricing terms, or use of proceeds.

Terms & Concepts
  • Bitcoin treasury company: A company that holds Bitcoin as part of its corporate treasury strategy, often treating it as a reserve asset on its balance sheet.
  • Warrant issuance: A financing method in which a company issues warrants that give investors the right to buy shares under specified terms.
  • Convertible bonds: Debt instruments that can be exchanged for equity at a set conversion price, which affects how many shares bondholders may receive.