Capital B Secures €7.6M From Adam Back for Massive Bitcoin Acquisition!

Capital B, an Euronext Growth-listed entity positioning itself as Europe’s premier bitcoin treasury company, has announced significant capital raises aimed at bolstering its bitcoin reserves. Top bitcoiner Adam Back, CEO of bitcoin infrastructure company Blockstream and a prominent figure in the cryptocurrency space, has invested €7.6 million ($8.8 million) into Capital B. This individual investment is part of a larger strategy to acquire more bitcoin.

This announcement follows Capital B's recent revelation last week of a successful €21 million ($24 million) private placement. This placement was notably backed by strategic investors including Adam Back and asset manager TOBAM, demonstrating significant institutional confidence in the company's vision. The company officially stated that the proceeds from this private placement would primarily be utilized to strengthen Capital B’s balance sheet through the strategic accumulation of bitcoin as a long-term reserve asset. This capital increase is deemed a pivotal step in implementing the company’s Bitcoin Treasury Company strategy, which is focused on increasing the number of bitcoin per share on a fully diluted basis over time.

Capital B indicated that the placement would facilitate the purchase of an additional 376 bitcoins, thereby increasing its potential holdings to 3,521 coins from its current stash of 3,145. According to Bitcoin Treasuries, Capital B is currently the 26th largest publicly traded bitcoin treasury globally, holding 3,145 bitcoins valued at approximately $242 million based on a bitcoin price of $76,959. The company had built a substantial portion of this position through various fundraising rounds conducted during the first half of 2026, including the acquisition of 192 coins for €13 million following three capital raises in May.

Capital B's aggressive pursuit of a larger bitcoin position comes at a time when other treasuries are also looking to raise funds and accelerate their acquisitions. However, the bitcoin treasury model has faced challenges since the leading cryptocurrency's price took a hit last year. This market downturn has led a number of companies in the sector, including Nasdaq-listed Strategy, which was once the biggest corporate holder of bitcoin, to liquidate their holdings. In a related development, NYSE-listed AI-powered education company Genius Group recently announced its intention to build parallel AI and bitcoin treasuries worth a combined $1.6 billion, shortly after selling its entire bitcoin reserves to repay $8.5 million in debt, highlighting the dynamic and often volatile nature of the corporate bitcoin treasury landscape.