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Capital B Raises 15.2 Million Euros to Expand Bitcoin Treasury Strategy

According to Capital B’s May 11 press release, the company raised €15.2 million by issuing 23 million shares with attached warrants at €0.66, with participation from institutional investors including Adam Back and TOBAM.

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Summary

Capital B said it raised €15.2 million, or about $17.8 million, to advance its Bitcoin treasury strategy. According to the company’s May 11 press release, the financing came from institutional investors including Blockstream CEO Adam Back and French asset manager TOBAM. The company said it issued 23 million shares with attached warrants at €0.66 as part of the transaction, adding financial structure details that were not included in the earlier announcement.

Terms & Concepts
  • Bitcoin treasury strategy: A corporate approach in which a company allocates part of its balance sheet or financing proceeds to hold Bitcoin as a treasury asset.
  • Treasury strategy: A plan for managing a company’s capital and balance-sheet assets; here, it refers specifically to using funds to build Bitcoin exposure.
  • Warrants: Securities that give investors the right to buy shares at set terms in the future, often attached to financing deals as an added incentive.