Adam Back Invests €7.6M in Capital B for Additional Bitcoin Purchases
Bitcoin infrastructure executive Adam Back has invested €7.6 million into the European Bitcoin treasury company, Capital B (ALCPB.PA), to purchase an additional 376 BTC coins. The investment is part of a share issuance priced at €0.58 per new share—15.4% above Tuesday’s closing price—which will raise approximately €7.3 million in net proceeds after fees. Capital B, listed on Euronext Growth Paris and based in Puteaux near Paris, aims to increase its Bitcoin holdings to 3,521 coins by using the new capital alongside ongoing operations. The company is positioning itself as Europe’s first Bitcoin Treasury Company focused on maximizing BTC per fully diluted share. The investment includes warrants that could allow Back's stake in Capital B to rise from 14.82% to 27.80%. However, existing shareholders will face dilution if all new shares and warrants are exercised.
Topics: Bitcoin Capital B investment stock issuance