Capital B disclosed that it has raised €7.6 million through a new private placement targeting strategic investor Adam Back, with net proceeds of approximately €7.3 million after fees. The company stated that these funds will primarily be used to continue increasing its Bitcoin holdings and to maintain its treasury strategy of holding Bitcoin as a long-term reserve asset.
Funds are sufficient to purchase an additional 376 BTC
The company stated that, when combining this round of funding with funds generated from ongoing operations, it could support the purchase of up to approximately 376 additional bitcoins. If these purchases are completed, Capital B’s bitcoin holdings will increase from the current 3,145 to 3,521 bitcoins.
Capital B recently added 5 bitcoins in August, with a transaction value of approximately €280,000, at an average purchase price of about €55,882 per bitcoin. After completing this transaction, the company’s strategic bitcoin reserve increased from 3,140 to 3,145 bitcoins.
The company also disclosed that, as of the completion of the above transaction, the cumulative acquisition cost of its strategic Bitcoin reserve was approximately €284.2 million.
After the exercise of all warrants, an additional €49.4 million can be raised.
This transaction also includes a warrant arrangement. Capital B stated that if Adam Back fully exercises all warrants associated with this transaction, the company could receive an additional approximately €49.43 million.
- In June 2026, the warrant-related funds amount to approximately €19.77 million.
- In July 2026, the funds corresponding to the warrants amount to approximately €12.92 million.
- In August 2026, the funds corresponding to the warrants amount to approximately €16.74 million.
This means that, in addition to the confirmed funding received in this round, the company may still secure additional capital to further expand its Bitcoin reserves on the balance sheet.
Just completed a priced private placement a few days ago.
Prior to this financing, Capital B announced another private placement several days ago, with the subscription price also set at €0.58 per unit. At the time, the company estimated net proceeds of approximately €19.9 million and stated that, combined with existing operational resources, this would enable the purchase of approximately 270 bitcoins, increasing its holdings from 3,145 to 3,415 bitcoins.
The company also stated that if all 144.88 million warrants associated with this financing round are exercised, they could theoretically generate an additional €135.8 million. However, this amount is not part of the confirmed financing and is contingent upon whether investors choose to exercise their warrants in the future.
Capital B previously employed a similar financing structure in May, when the company completed a €15.2 million private placement involving investors such as Adam Back, TOBAM, and other institutional investors. Subsequently, the company used a portion of these funds to purchase 192 bitcoins for approximately €13 million, increasing its holdings to 3,135 bitcoins at the time.
Additional information: The original text also states that as this round of transactions progresses, Adam Back’s ownership stake in Capital B is expected to increase further; the company’s reverse stock split will take effect on September 8.