Capital B Raises $1.3M From Adam Back to Expand Bitcoin Treasury Strategy

Bitcoin Treasury Funding Boost Through Warrant Issuance

Capital B has secured approximately $1.28 million in fresh funding through a warrant issuance backed by Adam Back, reinforcing investor confidence in its bitcoin-focused treasury model. The French-listed company issued 10 million subscription warrants priced at €0.11 each, granting the right to purchase future shares at €0.84, aligned with its market net asset value.

This move increases Back’s exposure to the firm, where he already holds a significant position. On a fully diluted basis, his stake now exceeds 39.5 million shares, representing nearly 10% ownership.

Capital B Bitcoin Holdings and Market Reaction

The company currently holds 2,943 BTC, valued at roughly $234 million, placing it among the top bitcoin treasury firms globally. Following the announcement, Capital B’s stock rose over 6.5%, signaling positive market sentiment, though it remains down more than 16% year-to-date.

Bitcoin Treasury Strategy Trends in Europe

Capital B’s raise comes amid a mixed environment for treasury-focused firms. While some continue accumulating bitcoin, others are turning to derivatives or asset sales to manage volatility and balance sheet risk. Alongside UK-based Connecting Excellence Group, Capital B was among the few European firms to secure new capital recently, highlighting selective investor appetite in the sector.