Skip to content
- Capital B secures millions to aggressively expand long-term Bitcoin treasury holdings.
- Adam Back joins major funding round supporting Capital B Bitcoin accumulation strategy.
- Institutional investors strengthen Capital B as corporate Bitcoin adoption accelerates across Europe.
As institutions across the world are becoming more bullish on bitcoin with increased interest in such long-term holdings, bitcoin treasury firms in Europe are following suit. In Capital B, it’s even more extreme, with the confirmation of a massive capital raise that is specifically dedicated to building up their reserves of bitcoins.
The France-based firm sold 15.2 million euros of stock, or almost $17.8 million, in a private placement offering of 23 million shares of the ABSA on Monday. The subscription warrants were attached to each share at the price of 0.66 euros per warrant. In addition, the company stated another 99.1 million euros of future capital would be made available if the warrants were exercised in full, it added. This will be funded by the sale of over 92 million more ordinary shares.
Also Read: Bitcoin Crisis Warning Grows After Avalanche Founder Sounds Alarm On BTC!
According to Capital B, the majority of funds raised from the latest financing round will go towards further investments in bitcoin. The company’s net proceeds are estimated at about 14.4 million euros, excluding transaction-related adjustments. Beyond having cash flow from operations help fund the firm’s purchases, it also intends to continue to expand its holdings of bitcoins, the firm said. Capital B is willing to buy approximately 182 BTC with the proceeds of sale and on-going operations, according to the announced. This will increase the company’s total amount of bitcoins to approximately 3,125 BTC.
Institutional Investors Deepen Exposure to Capital B
Capital B’s role in the European bitcoin treasury market was further solidified by various key institutional investors taking part in the fundraiser. The company confirmed that the CEO of the company, Adam Back, is part of the deal, as is the French asset management firm TOBAM. After the deal, Adam Back will have an ordinary stake of 13.43% in Capital B. TOBAM will have around 4.20% stake in the company following the placement.
In addition, the company will retain a 14.42% interest in the company after the dilution of the latest raise, via Blockstream Capital Partners and through Back. Prior to the transaction, the investment entity owned about 15.63 per cent of the investment entity’s shares as an investment entity. The private placement may also close as early as May 13, pending final processing, the company said.
In July 2025, the Blockchain Group changed its name to Capital B. Since then, the emphasis has been on overseeing a corporate treasury plan centered on bitcoins, similar to some publicly-listed cryptocurrency-rich companies. The round is therefore another sign of confidence from institutional investors that they can get a long-term exposure to bitcoin accumulation in a regulated manner through a corporate structure.
Also Read: BNY Pushes Deeper Into UAE Crypto Market With New Custody Expansion
