European Bitcoin treasury company Capital B raised €15.2 million ( ~$17.8 million) through a private placement backed by Blockstream founder Adam Back and asset manager TOBAM, accelerating its push to compete with US-listed Bitcoin (BTC) accumulators.
The Paris-listed firm priced shares at €0.66 each, a 1.51% premium to its May 8 close
Four warrants attached to every share could unlock an additional €99.1 million in capital if fully exercised at higher prices. Capital B Targets 3,125 Bitcoin With Fresh Funding The new proceeds, combined with ongoing operations, could enable Capital B to acquire 182 additional Bitcoin. That would lift the company’s potential total holdings to 3,125 BTC.
Capital B already ranks among the 25 largest corporate Bitcoin holders, with roughly 2,943 BTC as of late April. The firm adopted a Bitcoin standard in November 2024 and has steadily expanded reserves through share issuance. Each ABSA bundles two Warrants 2026-03 priced at €0.86, one Warrant 2026-04 at €1.12, and one Warrant 2026-05 at €1.46.