Capital B Bitcoin treasury lands €7.6M from Adam Back, eyes 3,521 BTC
Capital B, the French Bitcoin treasury company, has secured another round of financing tied directly to its expanding Bitcoin holdings, this time with backing from Bitcoin pioneer Adam Back. The Capital B Bitcoin treasury strategy took a fresh step forward on Sept. 2 when the firm confirmed a €7.6 million private placement subscribed entirely by Back, a deal that could eventually push its BTC stack past 3,500 coins.
Key takeaways
- Through a private placement involving 13.18 million shares, Capital B secured €7.6 million in funding from Adam Back carrying warrants, at €0.58 per unit.
- The proceeds, combined with ongoing operations, could fund 376 more BTC, lifting holdings to 3,521 BTC from the current 3,145 BTC.
- Full exercise of the attached warrants could bring Capital B an additional €49.4 million.
- Back’s ownership stake will rise to 17.77% of ordinary shares post-issuance, and could climb to 27.8% if all warrants are exercised.
- A 10-for-1 reverse stock split takes effect Sept. 8, adjusting warrant exercise prices accordingly.
Adam Back private placement deepens Capital B’s Bitcoin bet
Capital B confirmed that Back subscribed to 13,181,030 shares, each bundled with four warrants, at €0.58 per unit, generating gross proceeds of €7.64 million. That subscription price carried a 15.4% premium over the company’s closing share price on Sept. 1, a detail that signals investor confidence rather than a discounted entry.
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