Overview
- Capital B sold 13,181,030 new shares to Adam Back at €0.58 per unit with four long‑dated warrants attached to each share, generating gross proceeds of €7.64 million and net proceeds of about €7.3 million after fees.
- The company says the new funds plus operating cash could buy about 376 more Bitcoin, which would take potential holdings to roughly 3,521 BTC from the 3,145 BTC it reported holding.
- The placement raises Adam Back’s ordinary stake to about 17.77% and would lift it to about 27.80% on an ordinary basis if he fully exercises the new warrants.
- The warrants come in multiple tranches with five‑year lives and preset exercise prices, and a planned 10‑for‑1 reverse stock split will change how each warrant converts and the adjusted exercise prices.
- This deal continues Capital B’s repeated equity‑plus‑warrant financing plan to reach a 15,000 BTC target by end of 2027 and could speed purchases while creating dilution risk and potential shifts in control if large investors exercise warrants.