Capital B Raises $13.3M Through Convertible Bonds to Expand Bitcoin Treasury Strategy
Main Idea
Capital B raised $13.3 million through convertible bonds to expand its Bitcoin treasury, achieving significant returns and positioning itself as Europe's first listed BTC treasury company.
Key Points
1. Capital B raised €11.5 million ($13.3 million) through equity and convertible bonds from TOBAM Bitcoin Alpha Fund to expand its Bitcoin holdings.
2. The funding could allow Capital B to acquire approximately 160 additional Bitcoin, bringing potential total holdings to 2,173 BTC.
3. The convertible bonds have a five-year maturity with conversion prices ranging from €3.66 to €4.75 per share, with 95% of proceeds designated for Bitcoin acquisition.
4. Capital B's ALTBG strategy delivered exceptional returns of 2,275% from November 2024 to July 2025, outperforming Bitcoin's 58% gain.
5. MicroStrategy acquired 21,021 BTC for $2.46 billion, bringing its total holdings to 628,791 BTC, while Metaplanet added 463 BTC to reach 17,595 BTC.
Description
French Bitcoin treasury company Capital B raised €11.5 million ($13.3 million) through a combination of equity and convertible bonds from TOBAM Bitcoin Alpha Fund to expand its cryptocurrency holdings. The transaction includes a €5 million capital increase at €2.90 per share and €6.5 million in convertible bonds through its Luxembourg subsidiary, The Blockchain Group Luxembourg SA. TOBAM Partnership Fuels 2,275% Strategy Returns Capital B announces a capital increase and a convertible bonds issu...
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