Written by Adrian Zmudzinskistaff writerReviewed by Yohan Yunstaff editor

Written by Adrian Zmudzinskistaff writer

Reviewed by Yohan Yunstaff editor

Capital B raises $24.5M for its Bitcoin treasury amid market uncertainty with BlockStream’s Adam Back chipping in

Latest NewsPublishedAug 28, 2026

The French Bitcoin treasury firm’s private placement drew support from Adam Back and TOBAM, with warrant exercises potentially unlocking another $158 million.

French Bitcoin treasury company Capital B revealed that it raised €21.0 million ($24.5 million) through private share placement.

as reported by an Aug. 28 announcmeent, the fundraise was conducted at €0.58 per ABSA — one share bundled with four share-subscription warrants — without pre-emptive subscription rights. The raise saw the participation of legendary cypherpunk and Bitcoin-centric blockchain development firm CEO Adam Back as well as asset manager TOBAM.

If all the issued warrants were to be exercised, Capital B would see a further €135.8 million ($158 million) capital injection through the issuance of 144,876,280 ordinary shares. The company reserves the right to trigger an accelerated warrant exercise period if the volume weighted average price of its shares over the previous 20 trading days exceeds 130% of the exercise price of the relevant warrant tranche.

Capital B plans to utilize the proceeds of the raise to acquire 270 Bitcoin (BTC), raising its total holdings to 3,415 BTC. as reported by CoinMarketCap data, the company is currently the 29th largest publicly traded Bitcoin treasury company with 3,139 BTC in worth under $249 million in its coffers — behind Bitcoin Group SE with its 3,605 BTC worth under $286 million. While sizeable, Capital B’s Bitcoin holdings pale in comparison to first and largest Bitcoin treasury companyStrategy with its 843,775 BTC worth nearly $67 billion at the time of writing.

The news follows Capital B submitting a proposal to the board of directors seeking to allow the establishment of up to 5 billion euros ($5.8 billion) in capital rise through 125 billion shares at current nominal value and $116 billion in credit instruments back in early June. The resolution passed with 162,486,459 votes — 99.34% — in favor, while smaller treasury companies were selling their holdings instead.

Related: Bitcoin bear market ‘over’ as price metric copies 2023 recovery: CryptoQuant CEO

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Stocks
• France
• Bitcoin

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