Adam Back Backs Capital B’s $17.8 Million Bitcoin Raise
BeInCrypto
Capital B raised €15.2 million in a private placement backed by Adam Back to expand its Bitcoin holdings.Summary
European Bitcoin treasury firm Capital B has secured €15.2 million (approximately $17.8 million) through a private share placement. Supported by notable investors including Blockstream founder Adam Back and asset manager TOBAM, the company intends to use the capital to increase its Bitcoin reserves.
With this infusion, Capital B aims to grow its current holdings of approximately 2,943 BTC to a total of 3,125 BTC. The deal also includes warrant structures that could facilitate further capital generation if exercised. This move underscores a growing trend of European firms adopting corporate Bitcoin treasury strategies similar to those seen in the United States.
(Source：BeInCrypto)