Participated · Equity · May 2026

Capital B pursues a Bitcoin reserve strategy and announced corporate financing and securities adjustments to support that plan. The company completed a €1.1 million raise via subscription of BSA 2026-02 equity warrants by Adam Back. Concurrently it reduced the conversion price on its OCA B-04 convertible bonds and added a two-year equity warrant (BSA OC) to each converted bond. These actions were described as measures to optimize its capital structure and accelerate its Bitcoin reserve build-out. The reported information focuses on the financing structure and securities terms rather than operational metrics or revenues.

Participated · Equity · Nov 2025

CAEX is a newly formed Vietnam-based cryptocurrency exchange established within the VPBank ecosystem with founding shareholders VPBank Securities and LynkiD. The exchange has raised strategic capital from OKX Ventures and HashKey Capital to bring its capital base to roughly $380 million and qualify for Vietnam’s pilot licensing program under Resolution 05/2025. CAEX will leverage VPBank Securities for financial backing and governance and LynkiD for core technology and digital identity services. As part of the investor partnership, OKX and HashKey will support CAEX on infrastructure, security, compliance, and liquidity. The timing of the fundraise aligns with Vietnam’s new Digital Technology Industry Law and stronger anti‑money‑laundering requirements aimed at bringing crypto activity onshore. CAEX’s positioning targets participation in a limited government pilot expected to grant licenses to a handful of domestic exchanges as regulators seek to curb offshore trading.

Led · Equity · Nov 2025

FUTURE positions itself as Switzerland’s premier Bitcoin Treasury Company, operating a balance-sheet-driven platform that accumulates, custodies and manages Bitcoin for institutional clients. Its integrated model spans four pillars: treasury operations, proprietary research and analytics, secure wallet and treasury infrastructure, and advisory services, including the planned Future Bitcoin Forum 2026. The firm emphasizes Switzerland’s favorable monetary conditions and regulatory clarity as strategic advantages. Leadership includes Chairman Richard Byworth and CEO Sebastien Hess, supported by co-founders Marc Syz, Julian Liniger and Hashcash inventor Adam Back, blending deep Bitcoin and traditional-finance expertise. Although operating metrics such as revenue or assets under management were not disclosed, the company highlights a “strong Bitcoin balance sheet” as the foundation for growth. The freshly secured CHF 28 million provides capital to expand its institutional platform and scale product development.

Led · Convertible Note · Aug 2025

Smarter Web Company specialises in web design, web development and online marketing, operating a subscription business model that combines a one-off fee, an annual hosting charge and optional monthly marketing services. The model produces recurring revenue intended to deliver stability and scalable growth. The company has secured gross proceeds of £2.6m via a placement of subscription shares to support expansion, strengthen core services, modernise infrastructure and improve customer onboarding. Management plans to deploy part of the funds for targeted acquisitions aimed at expanding the customer base and adding recurring revenue streams. Since 2023 the company has integrated Bitcoin into its treasury strategy, accepts Bitcoin payments and views the asset as a component of its financial and acquisition planning. The raise is tied to a 10-year plan announced in April 2025 that prioritises subscription revenues, strategic M&A and digital-asset integration for long-term resilience and growth. The Smarter Web Company provides web design, development and online marketing services, charging clients initial fees plus annual hosting and optional monthly marketing fees. Since 2023 the company accepts Bitcoin as payment and has adopted a Bitcoin treasury policy. It announced a $21 million financing that is structured to be Bitcoin‑backed and convertible into equity. The firm says the raise and its treasury approach underpin a Bitcoin‑guaranteed balance sheet. If all convertible instruments are converted, roughly 7.7 million new shares would be issued. Management indicated similar Bitcoin‑denominated bond structures could be offered to other investors in future.