Capital B Secures €5 Million to Enhance Bitcoin Reserve Strategy

According to PANews, Capital B, the first Bitcoin reserve company in Europe, has announced the completion of a €5 million capital increase to advance its Bitcoin reserve strategy. The capital increase comprises several components: An 'ATM-type' capital increase agreement with TOBAM, issuing 1.019 million shares at €1.72 per share, raising €1.8 million. Fulgur Ventures subscribed to 1.25 million shares at €0.544 per share, amounting to €700,000, intended for legal adjustments for OCA B-01 Tranche 1 holders. TOBAM Bitcoin Alpha Fund subscribed to 1.5 million shares at €1.69 per share, totaling €2.5 million. This capital increase, along with other ongoing operations, is expected to help the company add approximately 60 Bitcoins to its reserves, potentially bringing its total Bitcoin holdings to 2,261.