Capital B Raises €21 Million in Private Placement to Expand Bitcoin Holdings
French Bitcoin treasury company Capital B has raised €21 million ($24.5 million) through a private placement, issuing 36.2 million shares with warrants at €0.58 each. The funding will be used primarily to purchase an additional 270 BTC, increasing its total holdings to approximately 3,415 BTC. Institutional investors such as Blockstream CEO Adam Back and asset manager TOBAM participated in the deal. The transaction includes warrants that could provide Capital B with up to €135.8 million if fully exercised under specific conditions tied to share price performance. The company has also received shareholder approval for potential capital increases of up to €5 billion through additional shares or debt instruments, signaling a long-term strategy focused on Bitcoin accumulation. The move reflects growing institutional interest in corporate Bitcoin treasuries despite recent market volatility and significant declines in the value of companies holding Bitcoin.
Topics: Bitcoin Capital B expansion private placement