Capital B secures an $8.8 million investment from Adam Back and plans to purchase 376 BTC.

Chainthink

Release Time: 2026/09/02 12:05:23

BTC

$80,568.30-0.83%

Summary

Capital B (ALCPB) announced on September 2 an $8.8 million investment from Adam Back, CEO of Blockstream, to acquire up to 376 BTC. The company issued 13,181,030 shares at €0.58 each, accompanied by four five-year warrants per share. This move reinforces BTC as a hedge against inflation. Capital B’s holdings could reach 3,521 BTC, making it Europe’s second-largest listed BTC treasury after Bitcoin Group SE. The broader €21 million plan includes TOBAM. If all warrants are exercised, 144.9 million new shares would raise €135.8 million, potentially diluting 1% shareholders to 0.65%. The transaction reflects growing interest in Bitcoin amid concerns over capital gains taxes on traditional assets.

ChainThink reports that on September 2, according to an official announcement, Bitcoin treasury company Capital B (ALCPB) received an investment of €7.6 million (approximately $8.8 million) from Adam Back, CEO of Blockstream.

The company issued 13,181,030 shares at €0.58 per share, with each share accompanied by four 5-year warrants, with the proceeds intended for the purchase of up to 376 BTC.

Capital B currently holds 3,145 BTC, with a total acquisition cost of €284.2 million, averaging €90,352 per BTC.

Upon completion of this increase, its holdings will rise to 3,521 BTC, valued at approximately $269.5 million, making it the second-largest Bitcoin treasury among European public companies, behind Bitcoin Group SE, which holds 3,605 BTC.

This transaction is part of a €21 million investment initiative in which TOBAM is also participating.

If all warrants are exercised, the company will issue an additional 144.9 million shares, raising €135.8 million, bringing the total potential financing to €156.8 million; existing shareholders with a 1% stake may see their equity diluted to 0.65%.

Source:Show original

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.