Capital B to carry out 1-for-10 reverse stock split

Capital B, a Europe-listed company pursuing a strategic Bitcoin (BTC) buying strategy, said it will carry out a one-for-10 reverse stock split. The company said the move is intended to broaden its investor base, including institutional investors, and described it as a technical adjustment to the share unit that will not directly affect the total value of shareholders’ holdings. Capital B added that the consolidation process will run from Aug. 5 to Sept. 6, with existing shares to be exchanged for new shares on Sept. 7. The company said shareholders do not need to take any action.