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Capital B strengthens its investments with TOBAM BITCOIN ALPHA FUND
Capital B, Europe's first Bitcoin Treasury Company, announced a €5 million capital increase and the issuance of €6.5 million in convertible bonds. These transactions, underwritten by TOBAM BITCOIN ALPHA FUND, aim to support the company's Bitcoin-focused strategy.
The capital increase results in the issuance of 1,721,763 shares at €2.90 each. The convertible bonds, issued by The Blockchain Group Luxembourg SA, total €6.5 million. They will offer conversion into shares at a price of €3.66.
These initiatives will result in the acquisition of an additional 160 BTC, bringing Capital B's potential holdings to 2,173 BTC. These actions illustrate the company's continued commitment to the cryptocurrency sector.
R. E.
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