Capital B said it finalized three capital increases worth about 17.15 million euros, or about $20 million. It used the proceeds to buy bitcoin, as it had already said it would.
The company raised about 850,000 euros through an ATM-type capital increase agreement with TOBAM. It also raised 1.1 million euros through share subscription warrants that Adam Back subscribed to. The remaining 15.2 million euros came from a private placement of more than 23 million ABSA shares. Each share carried four share subscription warrants.
Capital B now holds 3,135 BTC. The company said it acquired those coins at an aggregate value of $330 million, which implies an average purchase price of $105,270 per bitcoin.
The company, formerly known as The Blockchain Group, rebranded in July 2025. It said the move reflected its focus on a bitcoin treasury strategy.
Capital B also said its placement reached investors in the U.S., , and other regions. Maxim Group acted as lead placement agent, while Marex served as co-manager.
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