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Capital B (The Blockchain Group) has raised €15.2 million (net ~€14.4 million) through a private placement, according to the company. The Bitcoin treasury company said it expects to use the additional funds to purchase more Bitcoin.
Capital B stated that it issued 23,038,844 new shares, with each share carrying 4 share subscription warrants. The company said the investor base includes institutions and strategic investors, including Adam Back (Bitcoin pioneer and Blockstream CEO) and TOBAM.
The warrants are structured so that, if all are exercised, an additional €99.1 million could be raised.
The closing of the issuance is expected on or around May 13, 2026.
The company said it is actively buying Bitcoin as the price of BTC rises.
Last month, Capital B announced the tokenization of its shares, which trade under the symbol ALCPB. The company described itself as Europe’s first Bitcoin Treasury Company.
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