Blockstream CEO Adam Back invests $1.3M in Capital B

Capital B, a publicly traded European firm strategically accumulating Bitcoin, announced it has secured a €1.1 million ($1.28 million) investment from Blockstream CEO Adam Back. The company also lowered the conversion price of bonds held by Back by approximately 50%, from €5.174 to €2.59 per share. Upon conversion, Back will be granted additional share purchase rights with a two-year maturity. Existing share price conditions have been removed, allowing him to convert the bonds into stock at his discretion.