Home / Business and Economy / Adam Back Invests €7.6M in Bitcoin Firm Capital B
Adam Back Invests €7.6M in Bitcoin Firm Capital B
2 Sep
Summary
- Adam Back injected €7.6 million into Capital B.
- The investment funds the purchase of 376 more Bitcoin.
- Capital B aims to reach 3,521 Bitcoin holdings.
Adam Back has injected €7.6 million into Capital B, a company identifying itself as Europe's first Bitcoin Treasury Company. The investment is earmarked for the purchase of 376 Bitcoin. This move is part of Capital B's strategy to increase its Bitcoin holdings, with a stated aim of accumulating 3,521 coins.
The company, which trades on Euronext Growth Paris, priced new shares at €0.58 each, a level above its recent closing price. This capital raise, alongside ongoing operations, is expected to bolster Capital B's treasury. The firm's primary objective is to maximize Bitcoin per fully diluted share.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
