Capital B raises €7.6M from Adam Back for Bitcoin

Capital B, a Euronext Growth Paris-listed company focused on expanding its Bitcoin treasury, has secured approximately 7.6 million euros (about $8.8 million USD) in a private placement primarily from Adam Back, CEO of Blockstream and a prominent figure in Bitcoin development. The funds are earmarked for acquiring additional Bitcoin, a move that could increase the company's total holdings to 3,521 BTC. The transaction, confirmed on September 2, 2026, involved the issuance of 13,181,030 new shares at a price of 0.58 euros per unit. Each share was bundled with four warrants, granting investors the option to purchase more shares in the future. This subscription price represented a 15.4% premium over Capital B's closing share price on September 1. Net proceeds after fees are expected to be around 7.3 million euros. This investment is part of a larger financing effort totaling 21 million euros, which also includes strategic investor TOBAM and other institutional backers. The capital-raising strategy aims to systematically increase Capital B's Bitcoin reserves, a move mirroring the approach popularized by companies like MicroStrategy.