According to CoinMeta, Wu said that capital announced the completion of a private placement of 21 million euros, with subscribers including global institutional investors such as Adam Back and tobam, in order to accelerate its bitcoin treasury company strategy. The announcement revealed that shares were issued at 0.58 euros each, accompanied by four warrants per share unit (absa). If all related warrants are exercised, an additional approximately 13.58 million euros could be raised. The net amount of funds raised this time is expected to be around 19.9 million euros. Combined with ongoing operations, it is anticipated that an additional 270 BTC can be purchased, bringing the company's potential total holdings to 3,415 BTC. capital b stated that this private placement is expected to be completed by August 31 at the earliest.