European publicly traded company Capital B has successfully raised €15.2 million (approximately $17.8 million) through a private placement to accelerate its Bitcoin accumulation strategy. The funding, involving 23 million ABSA shares priced at €0.66 each with four attached subscription warrants, comes as institutional demand for digital asset exposure expands beyond the United States.
The company plans to use a significant portion of the net proceeds to purchase around 182 BTC, which would boost its total Bitcoin holdings to nearly 3,125 BTC after completion. The placement, expected to close as early as May 13, attracted high-profile investors including Blockstream CEO Adam Back and French asset manager TOBAM. Their participation underscores growing confidence in corporate Bitcoin treasury strategies across Europe.
Under the deal, Adam Back is set to hold a 13.43% ordinary stake in Capital B, while Blockstream Capital Partners will control approximately 14.42%. Moreover, if all warrants are exercised, the company could generate up to €99.1 million in additional funding through the issuance of over 92 million ordinary shares — dramatically boosting its Bitcoin purchasing capacity.
The funding round marks a major milestone in Capital B’s transformation after rebranding from The Blockchain Group in July 2025. Management reaffirmed its long-term commitment to Bitcoin as a hedge against inflation and a store of value, aligning with a broader trend of publicly traded companies incorporating digital assets into their balance sheets.
