Capital B raises $1.3M from Adam Back for Bitcoin strategy
The story
The Blockstream CEO subscribed to 10 million warrants as Capital B pushes ahead with its Bitcoin treasury strategy.
From the source
Capital B raised 1.1 million euros ($1.28 million) through a warrant issuance subscribed by Blockstream CEO Adam Back, extending the cryptographer’s backing of the French-listed Bitcoin treasury company.
Back subscribed to 10 million subscription warrants at $0.13 each, according to Monday announcement from Capital B. Each warrant gives Back the right to buy one new share of future company stock at the exercise price of $0.98, corresponding to the company’s market net asset value (mNAV) of 1.1 per share, the company said.
Who and what
Key names and topics in this story: Capital, Adam Back, Bitcoin.
Where to follow next
- Read the full piece at cointelegraph.com
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