Bitcoin News
By Sydney TheCMO
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270 Bitcoin on the Shopping List. The immediate plan for the $24.5 million is straightforward: buy 270 Bitcoin.
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The €5 Billion Ceiling Shareholders Already Approved. Back in June, Capital B put a much bigger proposal to its board: authorize up to €5 billion —…
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Capital B just closed a €21.0 million private placement. That's roughly $24.5 million, and the French Bitcoin treasury company didn't do it quietly — Adam Back, one of Bitcoin's…
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The shares went out at €0.58 each, bundled with four share-subscription warrants per share, and sold without pre-emptive subscription rights.
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The company also kept itself a specific trigger option. It can kick off an accelerated warrant exercise period if the volume-weighted average price of its shares clears 130% of…
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The immediate plan for the $24.5 million is straightforward: buy 270 Bitcoin. Capital B currently holds 3,139 BTC, so the purchase would push total holdings to 3,415 BTC.
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For context, Bitcoin Group SE sits just ahead at 3,605 BTC, valued under $286 million. And then there's Strategy — the benchmark everyone in this space gets measured against —…
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The gap between 29th place and the top of that leaderboard is enormous. Still, the direction of travel matters.
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See also: BlackRocks Bitcoin ETF Wallets Hit 3,620 BTC as Price Struggles Below $81K
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That kind of shareholder backing is hard to dismiss. It doesn't mean Capital B will raise €5 billion anytime soon — the market would need to cooperate, and warrant exercises…
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Worth noting: the €5 billion ceiling was proposed to the board, not yet fully executed. The June resolution cleared the path; it didn't fill the tank.
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The Adam Back involvement is worth a sentence on its own. Back is the creator of Hashcash, the proof-of-work system that Satoshi Nakamoto cited directly in the Bitcoin whitepaper.
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Together, those two participants probably made the €0.58 share price easier to defend to other potential investors.
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Related: Bithumb Prevails in Lawsuit Over Massive 620,000 Bitcoin Distribution Error
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Capital B's path forward isn't simple. Warrant exercises are uncertain. The €5 billion capital framework is authorized but not funded.
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