Capital B Raises €7.6M from Adam Back to Fund Another Bitcoin Buy

Capital B Secures €7.6M from Adam Back for Bitcoin Purchase

Capital B, a French company listed on Euronext Growth, has raised €7.6 million ($8.8 million) from Adam Back, the CEO of bitcoin infrastructure firm Blockstream. The funds will be used to buy more bitcoin, marking another step in the company's strategy to build a large bitcoin reserve.

Key Details of the Fundraise

• The investment from Adam Back comes after a previous private placement of €21 million ($24 million) backed by Back and asset manager TOBAM.
• The proceeds will primarily be used to accumulate bitcoin as a long-term reserve asset to strengthen the balance sheet.
• Capital B plans to use the new funds to purchase 376 additional bitcoins, potentially increasing its total holdings to 3,521 coins from 3,145.
• The company is the 26th largest publicly traded bitcoin treasury globally, with 3,145 bitcoins worth $242 million at a recent price of $76,959.

Company Statement on Bitcoin Strategy

Capital B stated that the investment is part of its Bitcoin Treasury Company strategy, which focuses on increasing the number of bitcoin per share over time. The company aims to use the capital raise to fund more bitcoin purchases, building on its existing position acquired through earlier fundraising rounds in the first half of 2026.

Context from Other Bitcoin Treasury Moves

Capital B's move is part of a broader trend where companies seek to build bitcoin treasuries. Other firms, like NYSE-listed Genius Group, are also planning to raise funds for bitcoin and AI treasuries. However, some companies in this space have faced challenges, including liquidating holdings due to price drops.

Confirmed Facts from the Announcement

Confirmed details include the amount raised (€7.6 million), the investor (Adam Back), the intended use (to buy bitcoin), and the current and potential bitcoin holdings. The information is based on the company's official announcement and the Bitcoin Magazine report.

Implications for Bitcoin Treasury Companies

This fundraise shows continued interest in using bitcoin as a treasury asset, despite past setbacks for some companies. Capital B's strategy highlights how firms are adapting to market conditions by raising capital to increase their bitcoin reserves over time.

Article Sources

• Bitcoin Magazine