Blockchain company Capital B has declared a capital increase of 5 million euros for its Bitcoin treasury strategy, as per an announcement by the firm on Monday.
It will be securing its capital increase through three initiatives: an ATM type agreement valued at 1.8 million euros for 1.72 euros per share, a capital increase valued at 2.5 million euros for 1.69 euros per share, and 1.25 million shares subscribed by Fulgur Ventures for 0.7 million euros for 0.544 million euros.
A portion of the capital increase was approved by the CEO of Capital B. The largest portion—2.5 million euros—was approved by the company’s board of directors.
Source: Google Finance
At the time of writing, the price of Blockchain Group shares was priced at 1.72 euros, up by 1.30%. Capital B trades on the Eurogrowth Next Paris under the ticker ‘ALCPB’.