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French Bitcoin treasury company Capital B has secured €15.2 million (about $17.8 million) through a private placement designed to increase its Bitcoin reserves. The round attracted investors including New Zealand entrepreneur Adam Back and Paris-based asset manager TOBAM, reinforcing confidence in the company’s long-term Bitcoin strategy.
Capital B said the newly raised capital, together with existing operating cash flow, will enable it to purchase approximately 182 BTC at current market prices. The announcement follows another recent financing deal worth $1.3 million involving Adam Back, underscoring continued investor interest in corporate Bitcoin treasury firms.
The private placement included shares bundled with four subscription warrants valued at approximately $0.78 per share. If all warrants are exercised, Capital B could raise an additional $116.5 million through the issuance of nearly 92 million shares.
Alexandre Laizet, a board director overseeing Bitcoin strategy, said the warrant structure is intended to support Capital B’s “aggressive” Bitcoin accumulation plans as more public companies explore digital asset treasury strategies.
Capital B currently holds 2,943 BTC, valued at roughly $237 million based on current Bitcoin prices. According to data from Bitcoin Treasuries, the company ranks as the 25th largest corporate Bitcoin holder globally and the second-largest Bitcoin treasury company in Europe, behind Germany’s Bitcoin Group SE.
The fundraising comes as companies continue to expand or restructure their Bitcoin treasury operations. Michael Saylor’s Strategy remains the industry leader, with nearly $67 billion in Bitcoin holdings, and recently added another $43 million in BTC. Other firms, including Genius Group, have reduced exposure by selling remaining Bitcoin assets to meet debt obligations.
Capital B’s latest financing signals growing institutional confidence in Bitcoin as a long-term treasury asset, even as market volatility persists.
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