Capital B Raises €15.2 Million From Adam Back And TOBAM To Buy 182 More BTC

Capital B, a France-based Bitcoin treasury company, announced it raised €15.2 million ($17.8 million) through a private placement backed by institutional investors, including Blockstream CEO Adam Back and French asset manager TOBAM.

“Capital B has raised €15”

BanklessTimes

The company said it planned to use net proceeds of approximately €14.4 million to purchase an additional 182 BTC, and that the round involved issuing 23 million shares at €0.66 each with four warrants attached to each share.

BanklessTimes

Capital B said it could raise an additional €99.1 million if all warrants attached to the shares are exercised, through issuing more than 92 million new shares across three warrant tranches with exercise prices ranging from €0.86 to €1.46 per share.

After the transaction closes, Adam Back was set to control 13.43% of the company on an ordinary basis, while TOBAM’s ownership stake was expected to rise to 4.20%.

The private placement was scheduled to close as early as May 13, and Capital B currently holds 2,943 BTC, with the new funding allowing it to increase total holdings to approximately 3,125 BTC.

Capital B said the private placement issued 23 million ABSA shares at 0.66 euro each, with four warrants attached to each share, and it described the potential upside as an additional 99.1 million euros if all of the warrants are exercised.

The Block reported that Capital B said it could result in an additional capital increase of €99.1 million ($116.6 million) through the issuance of 92,155,376 additional ordinary shares if all warrants were exercised.

Bitcoin Sistemi

Bloomingbit said Capital B planned to use net proceeds of about 14.4 million euros ($17 million) to strengthen its Bitcoin treasury strategy, which it said would allow it to buy about 182 additional BTC.

Bloomingbit also reported that the private placement was set to close as early as May 13, and that Capital B previously operated under the name The Blockchain Group before rebranding in July 2025.

In the same reporting, Bloomingbit said investors included Adam Back and TOBAM, and that after the deal closes Back would own a 13.43% stake in Capital B while Blockstream Capital Partners would see its holding adjusted to 14.42% from 15.63%.

Capital B’s funding plan is part of a broader Bitcoin accumulation approach, with the company stating it would increase its total holdings to approximately 3,125 BTC after using the new proceeds to buy about 182 BTC.

“Bitget App Trade smarter Buy Crypto Markets Trading Futures Earn Plaza Other Bitget News The French public company Capital B secures a financing of €15”

Bitget

Cointelegraph framed the fundraising as Capital B raising $17.8 million from Adam Back and TOBAM, and it said Capital B shares rose around 4.3% after the announcement and traded around 0.67 euros ($0.79).

Cointelegraph also said Capital B is currently holding 2,943 BTC, worth about $237 million, and described it as the 25th-largest Bitcoin treasury firm.

In a separate market-focused account, TradingView said Capital B expanded its Bitcoin treasury by purchasing 551 BTC for €54.7 million, supported by a capital increase fully subscribed by Adam Back, and that the total holdings rose to 2,800 BTC.

TradingView further reported that the €2.2 million capital increase (subscription price €2.24 per share) was fully subscribed by Adam Back to enable the purchase of 21 BTC, while an accelerated bookbuild raised €58.1 million at €1.55 per share to finance the purchase of 530 BTC.