finance.yahoo.com

Capital B Raises €7.6M From Adam Back to Expand Bitcoin Reserves

Capital B logoCapital B
Sig2.85Sen+3.40Env0.00Soc0.00Gov0.00

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.

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