According to CoinMeta, Blockstream CEO Adam Back has subscribed to a private placement of 7.6 million euros listed in France for Capital B, with the funds to be used to expand its Bitcoin reserves. According to a announcement from Capital B on September 2, this financing may support the purchase of up to 376 Bitcoins, with an expected increase in holdings from 3,145 to 3,521. This financing consists of 13.18 million shares accompanied by four warrants, with an estimated total revenue of about 7.6 million euros. Capital B currently holds 3,145 Bitcoins and plans to further increase its Bitcoin reserves through this financing.