Adam Back Puts €7.6 Million Into Capital B to Buy More Bitcoin
Adam Back has put €7.6 million into the Capital B Bitcoin treasury, funding the purchase of 376 more coins.
Capital B sits in Puteaux, a business district west of Paris, and trades on Euronext Growth Paris. It priced the new shares at €0.58 apiece. That level sits 15.4% above Tuesday's close.
Why the Capital B Bitcoin Treasury Wants 3,521 Coins
Net proceeds should reach roughly €7.3 million once fees clear. Together with ongoing operations, that sum could lift holdings to 3,521 BTC.
Capital B calls itself Europe's first Bitcoin Treasury Company. Its stated goal is more bitcoin per fully diluted share, rather than a bigger raw coin count. Back co-founded Blockstream and now runs the Bitcoin infrastructure firm.
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