"The Paris-listed firm said the financing includes €2 million raised through share subscription warrants subscribed by TOBAM and €1 million from UTXO Management. The transaction is structured through the issuance of 27.39 million warrants, each priced at €0.11 and exercisable into ordinary shares. According to the company, proceeds from the raise could support the acquisition of approximately 36 additional bitcoin, potentially bringing total holdings to 2,880 BTC."
"The conversion price for the A-03 tranche was reduced from €6.24 to €3.12 per share, while A-04 was adjusted from €5.174 to €2.59, and A-05 from €3.656 to €1.83. The revised terms also introduce additional incentives for bondholders. Upon conversion, each bond will now grant a share subscription warrant with a two-year maturity."
"Capital B has positioned itself as Europe's first 'Bitcoin Treasury Company,' a model focused on accumulating bitcoin as a core balance sheet asset while growing bitcoin per fully diluted share. The changes are intended to enhance flexibility for investors and support the execution of its treasury strategy."
Capital B, a Paris-listed blockchain company, announced a €3 million capital raise comprising €2 million from TOBAM through share subscription warrants and €1 million from UTXO Management. The financing involves 27.39 million warrants priced at €0.11 each, exercisable into ordinary shares. Proceeds will support acquiring approximately 36 additional Bitcoin, potentially increasing total holdings to 2,880 BTC. Simultaneously, the company amended conversion prices of three convertible bond tranches with TOBAM, reducing prices significantly across all three tranches and removing share price conversion conditions. New terms grant bondholders share subscription warrants upon conversion with two-year maturity. Capital B positions itself as Europe's first Bitcoin Treasury Company, focused on accumulating Bitcoin as a core balance sheet asset while increasing Bitcoin per fully diluted share.
#bitcoin-treasury-strategy #capital-raise #convertible-bonds #cryptocurrency-holdings #european-blockchain
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