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Capital B Secures $17.8M Funding

Recently funded · $17.8M UnknownTechnology, Information and MediaUSView source

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A significant $17.8M in new funding has been secured by Capital B, the nonprofit news organization committed to delivering quality, trustworthy, original reporting to Black audiences. This capital infusion, backed by investors Adam Back and TOBAM, provides a substantial boost for the organization's ongoing mission to serve its community.

Cofounded by veteran news leaders Lauren Williams and Akoto Ofori-Atta, Capital B operates as both a local and national news source, aiming to provide essential coverage to Black people across the country.

**Capital B's Strategic Move: Raising $17.8M to Expand Bitcoin Treasury** Capital B, a forefront company in the Bitcoin treasury sector, has successfully raised €15.2 million ($17.8M) through a private placement with key institutional investors.

This significant raise is expected to take the company's Bitcoin holdings from the current 2,943 BTC to a potential 3,125 BTC. Among the notable investors in this recent funding round were industry stalwarts like Blockstream's CEO Adam Back and TOBAM, a well-known French asset manager. With this move, Capital B cements its commitment to a robust Bitcoin accumulation strategy. #Bitcoin #Cryptocurr

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