Capital B, a Euronext Growth-listed firm presenting itself as Europe’s premier bitcoin treasury company, has successfully secured €21 million ($24 million) through a private placement. The funding round received backing from asset manager TOBAM and Blockstream’s Adam Back, with the capital earmarked for acquiring an estimated 270 additional bitcoins, which would elevate its total holdings to approximately 3,415 BTC.
Announced on Friday, the transaction involved the sale of 36,219,070 shares priced at €0.58 per share, representing a 6.45% discount compared to Wednesday’s closing price.
Following transaction expenses and fees, Capital B anticipates net proceeds of approximately €19.9 million.
JUST IN:
French company Capital B announces a €21.0 million capital raise to "accelerate its Bitcoin Treasury Company strategy"
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— Bitcoin Magazine (@BitcoinMagazine) August 28, 2026
Data from Bitcoin Treasuries ranks Capital B as the 27th largest publicly traded bitcoin treasury globally, holding 3,145 bitcoins valued at $245 million based on a bitcoin price of $77,960.
Positioning itself as Europe’s inaugural bitcoin treasury, Capital B accumulated the bulk of these reserves via multiple fundraising campaigns conducted throughout the opening half of 2026.
During May, the firm purchased 192 coins for €13 million following the completion of three separate capital raises.
This move by Capital B coincides with wider fundraising efforts among corporate treasuries seeking to ramp up acquisitions. Earlier in the week, NYSE-listed artificial intelligence education firm Genius Group disclosed plans to establish dual AI and bitcoin treasuries valued at a combined $1.6 billion, following an earlier sale of its entire bitcoin reserves to clear $8.5 million in debt.
Bitcoin treasury operations have encountered challenges since the leading cryptocurrency’s price declined in 2025. Consequently, several corporate entities within the sector have been forced to liquidate portions of their reserves, including Strategy, the largest corporate holder of bitcoin listed on the Nasdaq.
Frequently Asked Questions
How much did Capital B raise?
Capital B raised €21 million ($24 million) in a private placement.
Who backed Capital B’s funding round?
The private placement was supported by Adam Back of Blockstream and asset manager TOBAM.
How many bitcoins does Capital B currently hold?
Capital B holds 3,145 bitcoins, with plans to purchase roughly 270 more to reach about 3,415 BTC.
What is Capital B’s market ranking?
According to Bitcoin Treasuries, Capital B is the 27th biggest publicly traded bitcoin treasury in the world.
