Capital B Bags $8.8M Led by Adam Back to Buy 376 Bitcoin
Paris-listed Capital B is expanding its Bitcoin treasury following an $8.8 million investment led by Adam Back.
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Key takeaways
- Capital B plans to add 376 BTC to its corporate treasury balance sheet.
- Bitcoin pioneer Adam Back provided $8.8 million in new backing.
- The Paris-listed firm issued over 13.1 million shares at €0.58 each with warrants attached.
Capital B, listed on Euronext Growth Paris, is getting ready to snap up 376 Bitcoin. How? By pocketing an $8.8 million investment from crypto veteran Adam Back.
A Wednesday regulatory filing reveals the mechanics: the company pulled in the cash by issuing 13,181,030 new shares into the market at 58 euro cents (€0.58) each. Pay attention to the fine print, too—every single share sold in the deal comes loaded with four attached warrants.
Why it matters
Corporate Bitcoin treasuries aren't just a gimmick for giant U.S. firms anymore. When heavyweights like Adam Back start bankrolling European public companies to stack crypto, it proves these aggressive balance sheet tactics are going global. Don't be surprised when a wave of small-cap outfits outside North America copies this exact playbook.
Source: CoinDesk
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