Capital B Secures $18 Million Funding
France-based Bitcoin treasury firm Capital B has successfully raised 15.2 million euros ($17.8 million) in a private placement. The company issued 23 million ABSA shares at 0.66 euros each.
The funding round saw participation from prominent investors including Blockstream CEO Adam Back and French asset management firm TOBAM.
Funds to Purchase 182 Additional Bitcoin
Capital B will use the net proceeds of around 14.4 million euros ($17 million) to strengthen its corporate Bitcoin treasury.
The company plans to buy 182 BTC, which will bring its total Bitcoin holdings to 3,125 BTC. This move reinforces its strategy as a dedicated Bitcoin treasury company.
Key Investors and Ownership Changes
Adam Back will hold a 13.43% stake in Capital B after the raise, while Blockstream Capital Partners will own 14.42%. TOBAM will hold a 4.20% stake.
The private placement is expected to close on or after May 13, 2026. If all attached warrants are exercised, the company could raise an additional €99.1 million.
Strategic Rebranding and Bitcoin Focus
Originally known as The Blockchain Group, the company rebranded to Capital B in July 2025 to fully focus on Bitcoin accumulation and treasury strategy.
This latest funding round highlights growing institutional confidence in European Bitcoin treasury companies and strengthens Capital B’s position in the evolving Bitcoin corporate adoption trend.
