Capital B raises €2.2M from Adam Back to expand Bitcoin Treasury

Capital B, the first Bitcoin Treasury Company listed on Euronext Growth Paris, has secured €2.2 million in new funding from Adam Back, CEO of Blockstream and a long-standing Bitcoin pioneer. The funding round was completed at €2.24 per share, with Back subscribing to one million new ordinary shares.

The investment provides Capital B with fresh liquidity to expand its Bitcoin reserves, potentially adding about 17 BTC to its treasury. This would lift its holdings to an estimated 2,218 BTC. The move reflects the growing confidence among institutional investors in Bitcoin’s role as a long-term reserve asset, while also enhancing Capital B’s standing in the European financial market.

Strengthening the Bitcoin Treasury Model

At the heart of Capital B’s strategy is its commitment to increasing the number of Bitcoin held per share over time. This model allows shareholders to gain exposure both to the firm’s operating subsidiaries and to its growing Bitcoin reserves. By integrating digital assets into its balance sheet, the company aims to position itself differently from traditional technology and consulting businesses in Europe.

The support from Adam Back adds significant weight to this approach. As one of Bitcoin’s most recognized voices, his financial backing and industry expertise bring both credibility and global attention to Capital B.

Bond Conversion by Fulgur Ventures

Alongside the funding, Capital B announced the full conversion of 4.76 million OCA B-01 bonds held by Fulgur Ventures. This conversion resulted in the issuance of 8.75 million new shares at €0.54 each. The move strengthens Fulgur’s equity position in the business while simplifying Capital B’s balance sheet and reducing its debt burden.

Path Ahead for Growth

With these developments, Adam Back now owns more than 20% of Capital B’s share capital, placing him among its largest shareholders. Other key investors include TOBAM, Peak Hodl, and a mix of institutional and retail participants. Looking forward, Capital B plans to reinforce its status as a Bitcoin-focused corporate entity. By combining treasury expansion with subsidiaries in blockchain consulting and AI, the company seeks to bridge traditional business models with the evolving Bitcoin economy.

Backed by new capital and stronger stakeholder support, Capital B is paving the way for growth in the competitive digital asset sector.