Capital B Lands €7.6 Million Boost from Adam Back for Bitcoin Treasury

Capital B has secured €7.6 million in funding from Adam Back through a private placement of shares with warrants attached, increasing its potential Bitcoin holdings to 3,521 BTC.

The company's strategy focuses on growing its long-term reserve asset by adding more BTC to its balance sheet, and the new funds could support the purchase of an additional 376 coins.

Adam Back now holds a stake of approximately 17.77% in Capital B after the latest transaction, and full exercise of the warrants issued would provide another €49.4 million in capital.