TechFlow reports that on May 11, Capital B announced a private placement raising €15.2 million by issuing 23,038,844 shares at €0.66 per share, each accompanied by four warrants. Participating investors include global institutional investors such as Adam Back and TOBAM. The company stated that the proceeds will be primarily used to increase its Bitcoin holdings; combined with existing operating capital, this could enable the acquisition of an additional 182 BTC, potentially bringing its total Bitcoin holdings to 3,125 BTC. If all warrants issued in this placement are exercised, the company could raise an additional approximately €99.1 million.
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