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

Bitcoin treasury company Capital B (ALCPB) announced it has secured a €7.6 million (approx. $8.8 million) investment from Blockstream CEO Adam Back. The firm issued 13,181,030 shares at €0.58 apiece, with each share carrying four 5-year warrants. The proceeds are earmarked to purchase up to 376 BTC. Capital B currently holds 3,145 BTC, with a total acquisition cost of €284.2 million, translating to an average cost of €90,352 per BTC. Upon completing this acquisition, its holdings will rise to 3,521 BTC, valued at roughly $269.5 million, making it the second-largest Bitcoin treasury among European public companies, trailing only Bitcoin Group SE which holds 3,605 BTC. The transaction is part of a broader €21 million investment plan, in which TOBAM also participated. If all warrants are exercised, the company will issue an additional ~144.9 million shares, raising €135.8 million, bringing total potential financing to €156.8 million; a current shareholder with a 1% stake would see their equity diluted to 0.65% at that stage.