Capital B seeks to buy up to 376 more BTC through share sale

Europe-listed Capital B, which has been strategically buying Bitcoin, said it is pursuing a capital increase to raise €7.6 million ($8.79 million) from Blockstream CEO Adam Back and could use the proceeds and existing operating funds to buy up to 376 more BTC. If the purchases are completed in full, the company’s holdings would rise to as much as 3,521 BTC. The share sale would involve issuing 13,181,030 new shares at €0.58 per share, along with four subscription rights for each new share.