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Capital B Raises $17.8M for Bitcoin Treasury, Adam Back Joins Round
Capital B raised 15.2 million euros ($17.8 million) through a private placement to expand its Bitcoin treasury. The company said net proceeds of 14.4 million euros ($17 million), together with ongoing operations, could fund the purchase of 182 BTC and lift total holdings to 3,125 BTC. Capital B said investors included Adam Back and TOBAM, and the transaction is expected to close on May 13 at the earliest.