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€7.64M in gross proceeds from a private placement closing as early as September 3 could let France-listed Capital B purchase up to 376 additional $BTC, lifting its strategic reserve from a confirmed 3,145 coins toward a target of 3,521, the company said in its September 2 announcement.
Blockstream CEO Adam Back subscribed to the full deal at €0.58 per share, a 15.4% premium to Capital B's September 1 closing price, or roughly US$8.8M at current exchange rates.
What the placement funds The structure is 13,181,030 shares, each carrying four warrants, priced at €0.58 per unit. Net proceeds after fees are expected to reach approximately €7.3M.
The 376 BTC figure represents projected capacity funded by this placement and ongoing operations, not coins already purchased.
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