Wu Blockchain has learned that Capital B announced the completion of a €21 million private placement, with subscribers including global institutional investors like Adam Back and TOBAM, to accelerate its Bitcoin Treasury Company strategy. According to the announcement, the shares were issued at €0.58 per ABSA (stock unit with four attached warrants). If all related warrants are exercised, an additional €135.8 million could potentially be raised. The net proceeds from this round are expected to be approximately €19.9 million, which, combined with ongoing operational income, could allow the purchase of an additional 270 BTC, increasing the company’s potential total holdings to 3,415 BTC. Capital B stated that this private placement is expected to be completed as early as August 31. https://(wublock123.com)/news/capital-b-raises-21m-eur-to-buy-270-btc-67369