Capital B (The Blockchain Group), listed on Euronext Development Paris, has introduced a capital enhance and convertible bonds issuance totaling roughly $13.3 million (€11.5 million), geared toward advancing its Bitcoin Treasury Firm technique.
The capital enhance, priced at round €2.90 per share, will elevate roughly $5.8 million (€5 million) and is totally subscribed by TOBAM BITCOIN ALPHA FUND. Moreover, the corporate will difficulty convertible bonds by its wholly-owned subsidiary, The Blockchain Group Luxembourg SA, at roughly €3.66 per share, elevating roughly $7.5 million (€6.5 million) from the identical fund. This operation might facilitate the acquisition of round 160 further BTC, probably rising the corporate’s whole holdings to 2,173 BTC. Capital B focuses on enhancing its bitcoin holdings per share on a totally diluted foundation over time.
