Capital B Raises ¥1.4 Billion with Adam Back as Underwriter, Aiming for Additional Bitcoin Purchases

Capital B, the first European financial strategy company focusing on Bitcoin and listed on Euronext, announced on September 2 a third-party allotment capital increase of €7.6 million (equivalent to ¥1.4 billion) with Blockstream's CEO Adam Back as the underwriter. The increase was implemented in the ABSA format, which involves issuing ordinary shares with several warrants attached, and is aimed at accelerating the company's Bitcoin (BTC) holding strategy. ABSA is a fundraising method unique to France, combining ordinary shares with multiple warrants, which...