Bitcoin Treasury Race Heats Up As Capital B Secures $18 Million

bitcoinistPubblicato 2026-05-12Pubblicato ultima volta 2026-05-12

Introduzione

Europe's second-largest corporate Bitcoin holder, Capital B, has secured €15.2 million (approx. $17.8 million) from a private share placement. The raise was notably backed by Blockstream CEO Adam Back and asset manager TOBAM. The company could potentially receive an additional $116.5 million if attached warrants are exercised. Capital B plans to use the funds, alongside operational revenue, to acquire around 182 more Bitcoin, bringing its total holdings to roughly 3,125 BTC, valued at approximately $237 million. This move stands in contrast to other corporate treasury firms that have been selling Bitcoin or setting up hedging programs amid recent market softness. Capital B shares rose about 4.25% following the announcement.

Europe’s second-largest Bitcoin treasury company just got a significant cash injection. Capital B, listed on the French stock exchange, has raised 15.2 million euros — roughly $17.8 million — through a private share placement, with notable backing from Blockstream CEO Adam Back and Paris-based asset manager TOBAM.

A Bigger Prize On The Horizon

The real number to watch, though, may be much larger. Each share in the deal came attached with four subscription warrants at a fixed price of $0.78. If all of those warrants are exercised, Capital B could pull in an additional $116.5 million through the issuance of about 92 million new shares, according to board director of Bitcoin strategy Alexandre Laizet.

The company said the fresh capital, combined with revenue from its ongoing operations, could allow it to purchase around 182 more Bitcoin. That would push its total holdings to roughly 3,125 BTC.

Source: Capital B

Back In The Picture — Again

Adam Back’s involvement raised eyebrows. This is the second time in a week the cryptographer and Blockstream chief has backed Capital B. Just seven days earlier, Back participated in a separate $1.3 million raise from the same company.

Capital B currently holds 2,943 BTC, valued at approximately $237 million. That makes it the 25th-largest corporate Bitcoin holder in the world and the second-largest in Europe, trailing only Germany’s Bitcoin Group SE, according to data from Bitcointreasuries.

BTCUSD trading at $81,363 on the 24-hour chart: TradingView

The timing of the raise sets Capital B apart from much of the rest of the corporate Bitcoin sector. While other firms have been pulling back — selling holdings, cutting debt, or setting up hedging programs after months of soft market conditions — Capital B is still buying.

Nakamoto, a Nasdaq-listed Bitcoin treasury firm, announced a derivatives program in late April to guard against downside risk. Earlier, Genius Group sold its entire 84 BTC treasury to pay off an $8.5 million debt.

Shares Climb After Announcement

Capital B shares climbed about 4.25% on Monday following the news, trading near 0.67 euros. The stock is still down around 10% for the year.

Strategy, the company led by Michael Saylor, raised $2.5 billion in late April through stock and preferred share sales. A smaller raise by XCE — $794,000, also backed by Adam Back — was announced around the same time.

Capital B’s latest move signals that at least some European companies are still pressing forward with Bitcoin accumulation, even as conditions remain uncertain.

Featured image from FinanceFeeds, chart from TradingView

Domande pertinenti

QWhat is the amount of funding raised by Capital B and who were the notable backers?

ACapital B raised 15.2 million euros (roughly $17.8 million). The notable backers were Blockstream CEO Adam Back and Paris-based asset manager TOBAM.

QAccording to Alexandre Laizet, what is the potential additional amount Capital B could raise if all warrants are exercised?

AIf all the subscription warrants attached to the shares are exercised, Capital B could raise an additional $116.5 million through the issuance of about 92 million new shares.

QHow many more Bitcoin does Capital B plan to purchase with the new capital and operational revenue, and what would its total holdings become?

AThe company plans to purchase around 182 more Bitcoin. This would push its total holdings to roughly 3,125 BTC.

QHow does Capital B's Bitcoin holdings rank globally and within Europe according to Bitcointreasuries?

ACapital B is the 25th-largest corporate Bitcoin holder in the world and the second-largest in Europe, trailing only Germany's Bitcoin Group SE.

QWhat recent action by Adam Back regarding Capital B is mentioned in the article, and how did Capital B's shares react to the funding announcement?

AAdam Back participated in a separate $1.3 million raise for Capital B just seven days before this larger funding round. Following the $17.8 million funding news, Capital B shares climbed about 4.25%.

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