European listed company CapitalB, which is strategically buying Bitcoin, announced that it has secured 1.1 million euros ($1.28 million) from Blockstream CEO Adam Back. The stock conversion price of the bond (OCA B-04) held by Adam Back was also lowered by approximately 50%, from 5.174 euros per share to 2.59 euros. Upon conversion, additional stock purchase rights (2-year maturity) were granted, and existing stock price conditions were removed, allowing Adam Back to convert to stock at any time he desires.
