Bitcoin-focused company Capital B announces it has raised roughly $17.8 million (about €15.2 million) through a private placement. According to the company, the round includes participation from Adam Back and other investors, including TOBAM. Capital B says it will use the proceeds to buy additional Bitcoin for its treasury. The reported purchase plan is for 182 BTC, with the funding intended to support the expansion of its holdings. The reporting from different outlets largely aligns on the size of the raise and the intended Bitcoin acquisition amount, though they describe the funding in different currencies and approximate totals. The news focuses on the financing and the treasury expansion plan, with no additional operational or market guidance detailed in the provided excerpts.
Capital B raises about €15M to expand Bitcoin treasury
Bitcoin-focused company Capital B announces it has raised roughly $17.8 million (about €15.2 million) through a private placement. According to the company, the round includes participation from Adam...
- Capital B raises about $17.8 million (around €15.2 million) via a private placement.
- Investors in the round include Adam Back, with other participants reported such as TOBAM.
- The company plans to use the funds to purchase Bitcoin for its treasury.
- Capital B says the intended Bitcoin purchase is 182 BTC.
- The announcements emphasize the link between the funding and treasury expansion.
Capital B raised $17.8 million from investors, including Adam Back and TOBAM, saying proceeds could help add 182 BTC to its treasury.
3 months agoCapital B announced that it has raised 15.2 million euros in a private placement, which will be used to purchase 182 BTC.
3 months ago
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