NewsDialy
The short version: a French company sold shares to one of Bitcoin's earliest advocates and plans to use the proceeds to add more Bitcoin to its balance sheet.
A Bitcoin treasury company, in plain terms, holds Bitcoin as its main reserve asset the way a traditional firm might hold cash or bonds.
Capital B, a Paris-listed firm trading as $ALCPB, just completed that deal with Blockstream CEO Adam Back, who bought 13.18 million shares at €0.58 each. That price was 15.4% above Capital B's September 1 closing level.
Back paid in through a private subscription to newly issued shares, and his ownership stake will rise from 14.82% to 17.77% as a result. The warrant structure Every share Back received comes attached to four warrants.
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