Capital B, a France-based bitcoin treasury company, announced Monday that it has purchased 192 BTC (BTC) with 13 million euros ($15.1 million).
The latest acquisition follows last week's announcement of a raise that included participation from Blockstream CEO Adam Back and French asset manager TOBAM.
Capital B confirmed today that it has finalized three capital increases, raising around 17.15 million euros ($20 million) in total. The proceeds were deployed to purchase bitcoin, as previously stated.
In detail, Capital B raised about 850,000 euros euros through an ATM-type capital increase agreement with TOBAM, and 1.1 million euros through the issuance of share subscription warrants, which Adam Back subscribed to.
The remaining 15.2 million euros were raised through a private placement of more than 23 million ABSA shares with four share subscription warrants attached to each share.
