Capital B Raises €1.2 Million to Supercharge Bitcoin Holdings, Aiming for 2,810 BTC Treasury

Capital B Announces Major Capital Increase for Bitcoin Strategy

Capital B, a company listed on Euronext Growth Paris and known as Europe's first Bitcoin Treasury Company, has announced a capital increase of €1.2 million to advance its Bitcoin accumulation strategy. This move is part of an "ATM-type" agreement with TOBAM, reinforcing the company's focus on increasing Bitcoin holdings per share over time.

Details of the Capital Increase

The capital increase involves issuing 706,000 new ordinary shares at an average price of €1.70 per share. This operation, executed under a program with TOBAM, could enable the acquisition of approximately 10 additional BTC, potentially bringing Capital B's total holdings to 2,810 BTC. The shares were issued without shareholders' preferential subscription rights and are set to be traded on Euronext Growth Paris.

Impact on Share Capital and Equity

Following the capital increase, the company's equity per share increased slightly from €0.74 to €0.75 on an undiluted basis. The distribution of share capital shows that public and institutional investors hold the majority at 66.27%, with notable shareholders including Adam Back and Fulgur Ventures. On a fully diluted basis, Fulgur Ventures emerges as a significant holder with 39.84%.

Strategic Focus and Risks

Capital B emphasizes its strategy as a Bitcoin Treasury Company, leveraging subsidiaries in Data Intelligence, AI, and decentralized technology. The company has provided a detailed presentation on its website outlining this approach. However, investors are reminded of the risk factors detailed in the 2024 annual financial report, which could impact future performance.

For more information, visit Capital B's website.