Crypto

Capital B Raises €21M for Bitcoin Treasury Amid Market Uncertainty

Guavy AI Editorial Team Published August 28, 2026

Instruments

BTC

Capital B, a French Bitcoin treasury company, has raised €21.0 million ($24.5 million) through a private share placement.

The raise was conducted at €0.58 per ABSA, one share bundled with four share-subscription warrants, without pre-emptive subscription rights.

Adam Back, legendary cypherpunk and CEO of Bitcoin-centric blockchain development firm BlockStream, participated in the fundraise along with asset manager TOBAM.

If all issued warrants are exercised, Capital B would receive a further €135.8 million ($158 million) through the issuance of 144,876,280 ordinary shares.

The company plans to use the proceeds to acquire 270 BTC, increasing its total holdings to 3,415 BTC.

The Wire

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