Capital B: Converting convertible bonds and raising funds to develop its Bitcoin strategy

Capital B announces the conversion of 19,917,972 convertible bonds (OCA B-01) and a fundraising of 2.8 million euros. Blockstream Capital Holdings converted 17,897,600 OCA B-01 into 32,900,000 shares, while UTXO Management converted 2,020,372 OCA B-01 into 3,713,919 shares.

As part of the restructuring measures, Blockstream Capital Holdings and UTXO Management subscribed to an additional 4,700,000 and 530,559 shares respectively, at €0.544 per share. These transactions are part of Capital B's strategy to become a major Bitcoin Treasury Company in Europe.

The changes to the conversion terms now allow for conversion at any time without any price conditions. Blockstream Capital Holdings still holds 14,195,352 OCA B-01 and 55,279,428 OCA B-02.