MarketPR
Adam Back has committed €7.6 million to the Capital B Bitcoin treasury, a move intended to fund the acquisition of 376 additional coins.
The Paris-based company, which trades on Euronext Growth Paris under the ticker $BTC, priced the new shares at €0.58 apiece, a level 15.4% above its Tuesday closing price.
Net proceeds from the issuance are expected to reach approximately €7.3 million after fees are deducted.
When combined with ongoing operations, this capital injection could increase the company's total holdings to 3,521 BTC.
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