Listed on EuroNext Growth Paris, Capital B (The Blockchain Group) has announced a capital increase total of approximately $13.3 million (EUR 11.5 million) and issuance of convertible debt, with the aim of advancing the Bitcoin finance company’s strategy.
The capital increase, which is priced at around 2.90 euros per share, raised around $5.8 million (5 million euros) and is fully subscribed by the Tobam Bitcoin Alpha Fund. Additionally, the company will issue convertible bonds for around 3.66 euros per share through its wholly owned subsidiary Blockchain Group Luxembourg SA, raising approximately $7.5 million (6.5 million euros) from the same fund. This operation will facilitate the acquisition of around 160 additional BTCs, potentially increasing the company’s total holding to 2,173 BTC. Capital B focuses on strengthening Bitcoin holdings per share on a fully diluted basis over the long term.