Capital B raised $17.8M in a private placement to fund the purchase of up to 182 additional Bitcoin.
Bitcoin News
France-listed Bitcoin (BTC) treasury company Capital B has raised 15.2 million euros ($17.8 million) through a private placement of shares, with Adam Back, CEO of Blockstream, and Paris-based asset manager TOBAM among the strategic investors. The company said the capital, combined with ongoing operations, could fund the acquisition of an additional 182 $BTC.
Each share in the placement came with four attached subscription warrants priced at $0.78 per share. If all warrants are exercised, Capital B could raise a further $116.5 million through the issuance of approximately 92 million additional shares, according to Alexandre Laizet, the company's board director of Bitcoin strategy.
The raise follows a $1.3 million round Capital B closed the previous week, also backed by Adam Back, to accelerate its Bitcoin accumulation strategy. The back-to-back capital raises position the company as one of the few corporate Bitcoin holders actively expanding its treasury rather than reducing exposure.
Capital B currently holds 2,943 $BTC, valued at approximately $237 million, making it the 25th-largest Bitcoin treasury company globally, according to Bitcointreasuries data. It ranks as Europe's second-largest Bitcoin treasury firm, behind Germany's Bitcoin Group SE.
The new raise contrasts with a broader defensive posture across parts of the corporate Bitcoin sector. Nasdaq-listed Nakamoto launched an actively managed Bitcoin derivatives program in April to hedge downside exposure and generate income from volatility. Genius Group sold its remaining 84 $BTC treasury holdings in February, using the approximately $5.7 million in proceeds to pay down an $8.5 million debt obligation, according to an SEC filing.
Strategy raised $2.5 billion on April 20 through the issuance of its STRC preferred stock and Class A common stock sales. XCE closed a $794,000 round backed by Adam Back on April 23. Outside these three raises, no other Bitcoin treasury company has publicly announced a capital raise in the past six weeks.
Capital B shares rose approximately 4.3% following Monday's announcement and were trading around 0.67 euros ($0.79) at the time of reporting. The stock remains down roughly 11% year-to-date, according to Yahoo Finance data.
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