BlockBeats News, September 2nd, Bitcoin treasury company Capital B (ALCPB) announced that it has received a €7.6 million (approximately $8.8 million) investment from Blockstream CEO Adam Back. The company issued 13,181,030 shares at €0.58 per share, with each share coming with 4 warrants valid for 5 years. The funds raised are planned to be used to purchase up to 376 BTC.

Capital B currently holds 3,145 BTC, with a total acquisition cost of €284.2 million and an average cost of €90,352 per BTC. Upon completion of this acquisition, its holdings will increase to 3,521 BTC, valued at around $269.5 million, making it the second-largest Bitcoin treasury among publicly listed European companies, second only to Bitcoin Group SE, which holds 3,605 BTC.

This transaction is part of a €21 million investment plan, with TOBAM also participating. If all warrants are exercised, the company will issue approximately 14.49 million additional shares, raising €135.8 million, bringing the total potential financing amount to €156.8 million. At that time, existing shareholders with a 1% stake may see their equity diluted to 0.65%.