PANews reported on September 8th that Capital B, Europe's first Bitcoin reserve company, announced the completion of a capital increase totaling €5 million to advance its Bitcoin reserve company strategy. The capital increase includes the following components: Raising €1.8 million through an “ATM-type” capital increase agreement with TOBAM, issuing 1.019 million shares at €1.72 per share; Fulgur Ventures subscribed for 1.25 million shares at €0.544 per share, for a total of €700,000, for legal adjustment measures for holders of OCA B-01 Tranche 1; TOBAM Bitcoin Alpha Fund subscribed for 1.5 million shares at €1.69 per share, for a total of €2.5 million. This capital increase and other ongoing related operations are expected to help the company add approximately 60 bitcoins to its reserves, bringing its total potential bitcoin holdings to 2,261.PANews reported on September 8th that Capital B, Europe's first Bitcoin reserve company, announced the completion of a capital increase totaling €5 million to advance its Bitcoin reserve company strategy. The capital increase includes the following components: Raising €1.8 million through an “ATM-type” capital increase agreement with TOBAM, issuing 1.019 million shares at €1.72 per share; Fulgur Ventures subscribed for 1.25 million shares at €0.544 per share, for a total of €700,000, for legal adjustment measures for holders of OCA B-01 Tranche 1; TOBAM Bitcoin Alpha Fund subscribed for 1.5 million shares at €1.69 per share, for a total of €2.5 million. This capital increase and other ongoing related operations are expected to help the company add approximately 60 bitcoins to its reserves, bringing its total potential bitcoin holdings to 2,261.
Capital B completes €5 million capital increase, plans to add 60 BTC
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PANews reported on September 8th that Capital B, Europe's first Bitcoin reserve company, announced the completion of a capital increase totaling €5 million to advance its Bitcoin reserve company strategy. The capital increase includes the following components:
- Raising €1.8 million through an “ATM-type” capital increase agreement with TOBAM, issuing 1.019 million shares at €1.72 per share;
- Fulgur Ventures subscribed for 1.25 million shares at €0.544 per share, for a total of €700,000, for legal adjustment measures for holders of OCA B-01 Tranche 1;
- TOBAM Bitcoin Alpha Fund subscribed for 1.5 million shares at €1.69 per share, for a total of €2.5 million.
This capital increase and other ongoing related operations are expected to help the company add approximately 60 bitcoins to its reserves, bringing its total potential bitcoin holdings to 2,261.
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