Capital B issued 1 million private shares, raising approximately 2.2 million euros in August.
All of this share lot was purchased by Adam Back, helping Capital B expect to acquire approximately 17 more bitcoins, raising the total potential bitcoin to 2,218. Meanwhile, Fulgur Ventures converted 4.76 million convertible bonds into 8.75 million common shares.
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Capital B issued private shares worth approximately 2.2 million euros.
Adam Back purchased all the shares in this issuance.
Fulgur Ventures converted bonds into common shares.
How did Capital B raise capital and what was the scale?
Capital B conducted the issuance of 1 million private shares at a price of approximately 2.24 euros/share, raising a total of nearly 2.2 million euros. This fundraising was conducted on August 18 to strengthen finances and expand investment activities.
This is an important source of capital that helps the company increase its ability to own cryptocurrency assets while strengthening its position in the financial market. The issuance of private shares shows confidence in Capital B's long-term development strategy.
Who is the main investor in this stock issuance?
Adam Back, a prominent figure in the cryptocurrency space, purchased all 1 million private shares issued by Capital B. This participation reflects significant confidence in the company's business plan and growth potential.
The fact that a reputable investor like Adam Back completely purchased the private share lot is also a positive signal, enhancing Capital B's reputation and brand value within the investor community.
What results does Capital B expect to achieve after the stock issuance?
Capital B expects to increase its potential bitcoin holdings to 2,218, including the purchase of approximately 17 new bitcoins thanks to the raised capital. This is an important step for the company to expand its cryptocurrency investment portfolio and strengthen its market position.
The increase in bitcoin helps Capital B more effectively capitalize on financial opportunities in the cryptocurrency sector, while also attracting more interest from professional and institutional investors.
Capital B marks a strategic advancement by attracting capital from Adam Back, demonstrating strong confidence in the importance of bitcoin and its long-term value in the investment portfolio.
Adam Back, founder of Blockstream, August 2023
How does Fulgur Ventures carry out the bond conversion?
Fulgur Ventures converted a total of 4,760,000 OCA B-01 convertible bonds into 8,750,000 common shares, significantly increasing the number of shares outstanding and ownership in Capital B. The conversion was carried out to increase equity and expand financial capacity.
This move demonstrates Fulgur Ventures' long-term commitment to Capital B, while also facilitating the company's investment activities and business expansion.
What are the main impacts of this stock issuance and bond conversion?
These two financial moves help Capital B enhance working capital, expand bitcoin investment scale, and improve liquidity. Additionally, the presence of large shareholders contributing capital and converting bondholders creates stability and promotes sustainable development.
Capital B can leverage the new capital to increase its presence in the cryptocurrency market while better preparing for the next steps in its long-term development strategy.
Frequently Asked Questions
How does Capital B raise capital?
Capital B issued 1 million private shares at 2.24 euros/share, raising approximately 2.2 million euros.
Who bought all the shares?
Adam Back purchased all shares of this private issuance, demonstrating confidence in Capital B.
How many more bitcoins does Capital B want to own?
The company plans to purchase an additional 17 bitcoins, raising the total potential to 2,218 bitcoins.
How does Fulgur Ventures convert bonds?
Fulgur Ventures converted 4.76 million OCA B-01 bonds into 8.75 million common shares of Capital B.
How does this issuance and conversion affect Capital B?
Increasing equity, expanding the bitcoin portfolio, and strengthening Capital B's financial position in the cryptocurrency market.
Source: https://tintucbitcoin.com/capital-b-goi-von-22-trieu-euro-2/
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