Capital B has raised €1.1 million ($1.28 million) through a warrant issuance underwritten by Blockstream CEO Adam Back, expanding the cryptologist’s support for the French-listed Bitcoin treasury company.
According to Capital B’s announcement on Monday, Back has subscribed to 10 million warrants at a price of 0.11 euros ($0.13) per share. The company said each warrant entitles Buck to purchase one future share in the company at an exercise price of 0.84 euros ($0.98), equivalent to the company’s market net asset value (mNAV) of 1.1 per share.
The deal increases Buck’s exposure to Capital B, already one of the company’s largest strategic investors. Buck currently owns more than 39.5 million Plan B shares, or 9.97%, on a fully diluted basis. Buck is best known as the inventor of HashCash, a proof-of-work system cited in Bitcoin’s white paper.
The hike comes as some Bitcoin treasury firms continue to seek funding for accumulation strategies, while others use derivatives and asset sales to manage balance sheet risk during Bitcoin’s downturn. Capital B and UK-based Connecting Excellence Group (XCE) are the only Bitcoin finance companies to raise funds in Europe over the past month.
XCE’s $794,000 fundraising on April 23 was also supported by Adam Back.
Capital B raises $1.28 million from Adam Back. Source: Capital B
Capital B stock rises 6% after capital increase announcement
Capital Bees said the new funds would be used to “accelerate” its Bitcoin treasury strategy, which it said was taken as a positive signal by shareholders.
Capital B stock rose more than 6.5% on Monday, but is still down more than 16% since the beginning of 2026, according to Yahoo! data. financial program.
Capital letter B (ALCB.PA) Stock price, year-to-date chart. Source: Yahoo! Finance
Capital B is the 25th largest Bitcoin treasury company with 2,943 Bitcoins. $BTC It is currently worth about $234 million, according to data from Bitcointreasuries.net.
Other Bitcoin treasury companies are de-risking their balance sheets from a Bitcoin downturn.
On April 24, Nasdaq-listed Bitcoin treasury company Nakamoto announced an actively managed Bitcoin derivatives program aimed at generating recurring profits from volatility and hedging a portion of corporate profits. $BTC Holdings for downside exposure.
Nakamoto is the 20th largest Bitcoin finance company and the largest, having announced the sale of some of its holdings earlier this year. In a filing with the U.S. Securities and Exchange Commission on March 30, the company announced the sale of 284 Bitcoins, worth about $20 million at the time.
A month ago, in February, Bitcoin treasury company Genius Group announced that it had liquidated all of its $84 treasury assets. $BTC The company paid about $5.7 million to repay $8.5 million in debt, according to SEC filings.
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