France-based, publicly listed Bitcoin treasury company Capital B has secured a total of €15.2 million ($17.8 million) in fresh funding from strategic investors, including Blockstream CEO Adam Back and Paris-based asset management firm TOBAM. The company plans to leverage these resources to expand its Bitcoin holdings, strengthening its position in the digital asset sector.
Fresh capital raise and investor profile
According to Capital B’s announcement, the funds were raised through a private share offering. Each new share granted investors four warrants at a fixed share price of $0.78. Alexandre Laizet, the company’s Head of Bitcoin Strategy and a board member, stated that if all warrants are exercised, an additional 92 million shares could be issued, potentially raising around $116.5 million in further capital.
This latest round of financing follows a separate $1.3 million investment last week from Adam Back, which allowed Capital B to accelerate its Bitcoin reserve strategy. The company’s investor base consists of well-known industry figures and established institutions.
Targeting bigger BTC reserves
With this new funding, Capital B announced it could acquire 182 more Bitcoins, bringing its total holdings to 3,125 BTC. This move aims to reinforce the company’s treasury against major European competitors and solidify its foothold in the market.
Capital B’s management stated, “With the funds raised, we can purchase 182 more Bitcoins, increasing our total reserves to 3,125 BTC.”
According to Bitcointreasuries data, Capital B currently holds 2,943 BTC, making it the second largest Bitcoin treasury in Europe. The market value of these reserves has reached approximately $237 million.
Divergent strategies in shifting market dynamics
Capital B’s aggressive accumulation of Bitcoin stands out at a time when some industry players are scaling back. Throughout recent market slowdowns, several companies have turned to asset sales, hedging with derivatives, or reducing debt. In contrast, Capital B has persisted in growing its Bitcoin position.
On April 24, fellow Nasdaq-listed company Nakamoto revealed its approach to earning revenue through Bitcoin derivatives and hedging its BTC reserves against downside moves. In March, Nakamoto sold 284 Bitcoins to generate about $20 million. Meanwhile, in February, Genius Group sold off all its Bitcoin holdings, using the $5.7 million proceeds to pay down debt.
Following the investment announcement, Capital B shares rose by 4.3 percent, trading around €0.67. Yet, since the beginning of the year, the stock has experienced an overall drop of about 11 percent.
In the past six weeks, most major public fundraising efforts in the sector have involved Capital B and a handful of competitors. Other companies remain more cautious, with ongoing market uncertainty prompting a reassessment of corporate Bitcoin strategies.
