Adam Back Backs Capital B’s $17.8 Million Bitcoin Raise

Phil Haunhorst

Mon, May 11, 2026 astatine 8:36 AM CDT 2 min read

European Bitcoin treasury institution Capital B raised €15.2 cardinal ( ~$17.8 million) done a backstage placement backed by Blockstream laminitis Adam Back and plus manager TOBAM, accelerating its propulsion to vie with US-listed Bitcoin (BTC) accumulators.

The Paris-listed steadfast priced shares astatine €0.66 each, a 1.51% premium to its May 8 close. Four warrants attached to each stock could unlock an further €99.1 cardinal successful superior if afloat exercised astatine higher prices.

Capital B Targets 3,125 Bitcoin With Fresh Funding

The caller proceeds, combined with ongoing operations, could alteration Capital B to get 182 further Bitcoin. That would assistance the company's imaginable full holdings to 3,125 BTC.

Capital B already ranks among the 25 largest firm Bitcoin holders, with astir 2,943 BTC arsenic of precocious April. The steadfast adopted a Bitcoin modular successful November 2024 and has steadily expanded reserves done stock issuance.

Each ABSA bundles 2 Warrants 2026-03 priced astatine €0.86, 1 Warrant 2026-04 astatine €1.12, and 1 Warrant 2026-05 astatine €1.46. Full workout would contented 92,155,376 caller shares.

Adam Back Doubles Down connected European Treasury Plays

Back's engagement marks his 2nd concern successful Capital B wrong a week. On May 4, helium subscribed to €1.1 cardinal successful warrants that lifted his afloat diluted involvement to astir 9.97%.

The Blockstream laminitis has go a vocal backer of Bitcoin treasury vehicles extracurricular the United States. He antecedently committed 30,000 BTC to the Cantor Fitzgerald-linked Bitcoin Standard Treasury, a SPAC operation valued astatine astir $4 billion.

Capital B tin trigger an accelerated warrant workout model if its volume-weighted mean terms stays 30% supra the applicable onslaught for 20 consecutive trading days.

The backing circular signals that European listed firms mean to reflector the playbook Strategy utilized to assemble much than 818,000 BTC. Whether Capital B tin standard acquisitions without diluting Bitcoin-per-share is the adjacent trial investors volition watch.

Read the Original communicative Adam Back Backs Capital B’s $17.8 Million Bitcoin Raise by Phil Haunhorst astatine beincrypto.com