Capital B raises $3.2M to bolster Bitcoin acquisition strategy

Capital B (ALCPB), a publicly listed European company strategically acquiring Bitcoin, announced it has secured €2.8 million ($3.22 million). The funds were raised by converting its convertible bonds held by Blockstream Capital and UTXO Management into common stock, with both firms also acquiring additional new shares. Capital B said the capital injection will be used to strengthen its Bitcoin acquisition strategy.