French Bitcoin treasury company Capital B has completed a private share placement worth €15.2 million, approximately $17.8 million, as the firm moves to increase its Bitcoin reserves.
The fundraising round included participation from Adam Back and Paris-based asset manager TOBAM.
According to the company, the newly raised capital, combined with its existing operating cash flow, is expected to fund the purchase of an additional 182 BTC based on current Bitcoin market prices.
The latest financing comes shortly after Capital B secured another $1.3 million funding round involving Adam Back only days earlier, signaling continued confidence in the company’s Bitcoin-focused treasury strategy.
The company also disclosed details regarding the structure of the offering. Each share issued in the placement included four subscription warrants valued at approximately $0.78 per share.
If investors fully exercise those warrants, Capital B could potentially secure an additional $116.5 million through the issuance of nearly 92 million new shares.
Alexandre Laizet, who oversees the company’s Bitcoin strategy, outlined the conditions surrounding the warrant structure and the possibility of future follow-on fundraising rounds.
Capital B described the latest financing as part of a broader effort to aggressively expand its Bitcoin treasury while other publicly traded companies adopt more defensive treasury management strategies.
The company currently holds 2,943 BTC, valued at roughly $237 million based on current market prices.
According to Bitcoin Treasuries data, Capital B ranks as the world’s 25th-largest corporate Bitcoin holder. It also stands as Europe’s second-largest Bitcoin treasury company behind Bitcoin Group SE.
Elsewhere in the Bitcoin treasury sector, Nakamoto introduced a Bitcoin derivatives strategy in April designed to generate profits while limiting downside volatility.
At the same time, Genius Group disclosed through an SEC filing that it had sold its remaining 84 BTC treasury holdings. The company reportedly raised around $5.7 million in February to help address an $8.5 million debt obligation.
Meanwhile, Strategy continues leading the corporate Bitcoin accumulation race under the leadership of Michael Saylor.
Strategy currently holds nearly $67 billion worth of Bitcoin and recently added another $43 million in BTC purchases on Monday, May 11.
