Capital B Raises €7.6M From Adam Back to Expand Bitcoin Reserves
Capital B raised €7.6 million by selling 13.18 million shares to Blockstream CEO Adam Back at €0.58 each, a 15.4% premium. Each share includes four warrants with exercise prices of €0.75, €0.98 and €1.27, which could add about €49.4 million if exercised. The firm can accelerate a warrant tranche if 20-day VWAP stays above 130% for 20 trading days, following a €21 million raise last month earmarked for Bitcoin.