Capital B Raises Nearly 20 Million Euros to Buy More Bitcoin as Evernorth S-4 Becomes Effective

French-listed Capital B said it raised about 21 million euros in a private placement and plans to use the proceeds to buy about 270 more bitcoins. According to ChainCatcher, the company said the purchase would lift its potential total Bitcoin holdings to 3,415 BTC. Evernorth Holdings said its S-4 registration statement for a business combination with Armada Acquisition Corp. II has become effective. According to ChainCatcher, Armada shareholders are scheduled to vote on the deal at a special meeting on September 30, and the combined company is expected to complete the transaction in late third quarter or early fourth quarter this year if approved. Bitdeer said it mined 273.5 BTC in the week ended August 28 and sold the same amount on the secondary market. According to ChainCatcher, the company reported zero net Bitcoin additions and said it continues to follow a zero-retention, sell-as-produced strategy.