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Adam Back invests $8.8M in Capital B in share placement

Capital B said Adam Back raised €7.6 million ($8.8 million) via a private share placement at a 15.4% premium to the Sept. 1 closing price. The deal issued 13.18 million shares at €0.58 ($0.67) each.

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French bitcoin treasury company Capital B announced on Wednesday that it raised €7.6 million ($8.8 million) from Adam Back in a private placement of shares issued at a 15.4% premium to the Sept.

1 closing price.The placement consists of 13.18 million shares issued at €0.58 ($0.67) each, with four w…