๐จ Another company raises โฌ21 millionโjust to keep hoarding more BTC!
Group: ็นๅป่ฟๅ ฅ็็็็ฒไธ็พค
The game plan of a Bitcoin treasury company is still being upgraded.
Based in Paris, Capital B has just completed a private placement financing of about โฌ21 million. After deducting relevant fees, the company is expected to receive roughly โฌ19.9 million in proceeds. And the primary use of this money is very straightforward: continue buying BTC and expand the companyโs Bitcoin reserves.๐
According to Capital Bโs own estimates, if the financing is successfully completed and the funds are used to purchase BTC, the company could add roughly 270 BTC. Its holdings would rise from the current 3,145 BTC to nearly 3,415 BTC. This also means that, for more and more listed companies, the logic is becoming crystal clear: raise money through financing, convert the raised funds into BTC, and finally link the companyโs balance sheet directly to BTC price movements.
But this time, whatโs truly worth paying attention to isnโt just how many BTC Capital B buysโitโs the financing structure behind it. Capital B is issuing more than 36 million ordinary shares, and each share is also attached to 4 warrants. If all of these warrants are exercised in the future, the company may theoretically receive additional funding of over โฌ135 million.
It sounds tempting, but thereโs also a very real downsideโshareholders may face further dilution.๐
Capital Bโs own data shows that if shareholders who previously held 1% of the company do not participate in this financing, then after the initial issuance is completed, their ownership could fall to about 0.90%. And if all warrants are exercised in the future, that proportion could drop even further to around 0.65%.
So yes, the company does have the opportunity to raise more money to keep accumulating BTCโbut to expand its BTC reserves, existing shareholders also need to bear the risk that their shares are continually diluted. Even more noteworthy is that institutional investors such as Adam Back and the asset management firm TOBAM appear on this financing roster. Adam Backโs stake is expected to increase from about 12% to 14.82%, and TOBAM will also add to its position. This suggests that, at least at the institutional level, people are still willing to bet on the โlisted company + BTC treasuryโ model.
Click the avatar to watch the livestream + join the Jiujiu chat group for daily strategies๐
#BTC #CapitalB #ๆบๆๆ่ต
Group: ็นๅป่ฟๅ ฅ็็็็ฒไธ็พค
The game plan of a Bitcoin treasury company is still being upgraded.
Based in Paris, Capital B has just completed a private placement financing of about โฌ21 million. After deducting relevant fees, the company is expected to receive roughly โฌ19.9 million in proceeds. And the primary use of this money is very straightforward: continue buying BTC and expand the companyโs Bitcoin reserves.๐
According to Capital Bโs own estimates, if the financing is successfully completed and the funds are used to purchase BTC, the company could add roughly 270 BTC. Its holdings would rise from the current 3,145 BTC to nearly 3,415 BTC. This also means that, for more and more listed companies, the logic is becoming crystal clear: raise money through financing, convert the raised funds into BTC, and finally link the companyโs balance sheet directly to BTC price movements.
But this time, whatโs truly worth paying attention to isnโt just how many BTC Capital B buysโitโs the financing structure behind it. Capital B is issuing more than 36 million ordinary shares, and each share is also attached to 4 warrants. If all of these warrants are exercised in the future, the company may theoretically receive additional funding of over โฌ135 million.
It sounds tempting, but thereโs also a very real downsideโshareholders may face further dilution.๐
Capital Bโs own data shows that if shareholders who previously held 1% of the company do not participate in this financing, then after the initial issuance is completed, their ownership could fall to about 0.90%. And if all warrants are exercised in the future, that proportion could drop even further to around 0.65%.
So yes, the company does have the opportunity to raise more money to keep accumulating BTCโbut to expand its BTC reserves, existing shareholders also need to bear the risk that their shares are continually diluted. Even more noteworthy is that institutional investors such as Adam Back and the asset management firm TOBAM appear on this financing roster. Adam Backโs stake is expected to increase from about 12% to 14.82%, and TOBAM will also add to its position. This suggests that, at least at the institutional level, people are still willing to bet on the โlisted company + BTC treasuryโ model.
Click the avatar to watch the livestream + join the Jiujiu chat group for daily strategies๐
#BTC #CapitalB #ๆบๆๆ่ต