Capital B Raises $1.2M from Adam Back to Fuel Bitcoin Treasury Strategy
Cointelegraph
Capital B secured $1.28 million in funding from Blockstream CEO Adam Back to accelerate its corporate Bitcoin treasury strategy.Summary
Capital B has raised $1.28 million through a warrant issuance subscribed to by Blockstream CEO Adam Back. This investment allows Back to acquire additional shares in the company, increasing his stake to approximately 9.97% on a fully diluted basis. The company plans to use these funds to accelerate its Bitcoin treasury strategy, a move that resulted in a 6.5% rise in its share price. Capital B currently holds 2,943 BTC, positioning it as the 25th largest corporate holder of Bitcoin.
(Source：Cointelegraph)