Capital B Raises €21M From Adam Back and TOBAM To Buy More BTC

According to Bitcoin Magazine, Euronext Growth-listed company Capital B has raised €21 million ($24 million) through a private placement supported by TOBAM and Blockstream's Adam Back. The company stated that the funds could be used to purchase approximately 270 additional bitcoin, potentially increasing its total holdings to around 3,415 BTC.

The private placement involved the sale of 36,219,070 shares priced at €0.58 each, representing a 6.45% discount from Wednesday's closing price. Net proceeds are projected to reach approximately €19.9 million following fees and transaction costs.

Capital B currently holds 3,145 bitcoins, valued at $245 million based on a bitcoin price of $77,960, positioning it as the 27th largest publicly traded bitcoin treasury globally according to Bitcoin Treasuries. The firm accumulated much of its reserve through fundraising efforts during the first half of 2026, including a May acquisition of 192 coins for €13 million following three capital raises. This funding announcement coincides with moves by other corporate treasuries to raise capital and expand their bitcoin holdings amidst broader market conditions.