"Capital B, a European bitcoin treasury company listed in Paris, raised 15.2 million on May 11, 2026, through a private placement backed by institutional investors, including Blockstream CEO Adam Back and French asset manager TOBAM. Capital B plans to use the funds to buy roughly 182 additional bitcoin, pushing its total holdings from 2,943 BTC to approximately 3,125 BTC. Adam Back joins as a strategic investor, lifting his stake to 13.43% as Capital B eyes 15,000 BTC by the end of 2027."
"According to the announcement, the firm sold 23,038,844 units, each comprising one ordinary share and four share subscription warrants, at 0.66 per unit. The company trades on Euronext Growth Paris under the ticker ALCPB and on the U.S. OTC market as CPTLF. Net proceeds after fees total approximately 14.4 million. Maxim Group LLC led the placement as lead agent, with Marex S.A. serving as co-manager. Closing is expected on or around May 13, 2026."
"Each unit carries four attached warrants exercisable over five years at escalating prices: two Warrant 2026-03 tranches at 0.86, one Warrant 2026-04 at 1.12, and one Warrant 2026-05 at 1.46. If all warrants are exercised, the company could raise an additional 99.1 million through 92,155,376 new shares. The company can accelerate warrant exercise at its discretion if its 20-day VWAP exceeds 130% of the relevant exercise price for any tranche."
Capital B, a European bitcoin treasury company listed in Paris, raised €15.2 million through a private placement backed by institutional investors. The financing targets the purchase of roughly 182 additional bitcoin, increasing holdings from 2,943 BTC to about 3,125 BTC. Adam Back joined as a strategic investor, raising his stake to 13.43%. The company sold 23,038,844 units, each containing one ordinary share and four share subscription warrants, priced at 0.66 per unit, with net proceeds of about €14.4 million. Closing is expected around May 13, 2026. The warrants can generate up to €99.1 million if fully exercised, with exercise prices that escalate over five years and an acceleration mechanism tied to VWAP performance.
Read at news.bitcoin.com
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