Capital B Raises 3 Million Euros to Acquire an Additional 36 Bitcoins
Capital B announces a fundraising of 3 million euros from TOBAM and UTXO Management, along with an adjustment to the conversion terms of three tranches of convertible bonds. These changes are part of accelerating its Bitcoin Treasury Company strategy.
Issuance of Warrants
Capital B announces the issuance of share warrants (BSA 2026-01) totaling 3 million euros. TOBAM subscribes for 2 million euros and UTXO Management for 1 million euros. Each warrant entitles the holder to subscribe for one ordinary share of the Company and will mature on March 10, 2029. According to the Company, the proceeds from this operation could enable the acquisition of approximately 36 additional bitcoins, potentially increasing the total holdings to 2,880 BTC as part of its strategy as a Bitcoin Treasury Company, focused on increasing the number of bitcoins per share on a fully diluted basis.
Adjustment of Conversion Prices for Convertible Bonds
Capital B is adjusting the conversion price for three tranches of convertible bonds (OCA A-03, A-04, and A-05) subscribed by TOBAM. The conversion price has been changed from €6.24 to €3.12 for series A-03, from €5.174 to €2.59 for series A-04, and from €3.656 to €1.83 for series A-05. These modifications reflect recent market conditions and the share price evolution. Following the conversion, each bond will grant a two-year share warrant (BSA OC) in addition to ordinary shares. For series A-03 and A-04, the share price condition for conversion by holders has been removed; all three tranches are now convertible at any time.
