{"id":72364,"date":"2026-05-11T17:33:49","date_gmt":"2026-05-11T17:33:49","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/adam-back-joins-capital-bs-e15-2m-round-to-expand-bitcoin-holdings\/"},"modified":"2026-05-11T17:33:49","modified_gmt":"2026-05-11T17:33:49","slug":"adam-back-joins-capital-bs-e15-2m-round-to-expand-bitcoin-holdings","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/adam-back-joins-capital-bs-e15-2m-round-to-expand-bitcoin-holdings\/","title":{"rendered":"Adam Back Joins Capital B\u2019s \u20ac15.2M Round to Expand Bitcoin Holdings"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Capital B raises \u20ac15.2 million via private placement on May 11, 2026, targeting 182 additional BTC for its treasury.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">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.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Full warrant exercise could generate \u20ac99.1 million more, giving Capital B fuel for continued bitcoin accumulation.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Capital B Closes \u20ac15.2M Round to Grow <span>Bitcoin<\/span> Treasury Toward 15,000 <span>BTC<\/span> Target<\/h2>\n<p><span style=\"font-weight:400\">According to the <a href=\"https:\/\/cptlb.com\/wp-content\/uploads\/2026\/05\/zowBPvfCp1\/20260511-TBG-CP-11-mai-2026-EN-FINAL.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">announcement<\/a>, the firm sold 23,038,844 units, each comprising one ordinary share and four share subscription warrants, at \u20ac<\/span>0.66 per unit. The company trades on Euronext Growth Paris under the ticker ALCPB and on the U.S. OTC market as CPTLF.<\/p>\n<p>Net proceeds after fees total approximately \u20ac14.4 million. Capital B plans to use the funds to buy roughly 182 additional <a href=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a>, pushing its total holdings from 2,943 <span>BTC<\/span> to approximately 3,125 <span>BTC<\/span>.<\/p>\n<p>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. <span style=\"font-weight:400\">The pricing was set at the five-day volume-weighted average price ahead of the deal, representing a 1.51% premium to Capital B\u2019s closing share price on May 8, 2026.<\/span><\/p>\n<p><span style=\"font-weight:400\">Each unit carries four attached warrants exercisable over five years at escalating prices: two Warrant 2026-0<\/span>3 tranches at \u20ac0.86, one Warrant 2026-04 at \u20ac1.12, and one Warrant 2026-05 at \u20ac1.46. If all warrants are exercised, the company could raise an additional \u20ac99.1 million through 92,155,376 new shares.<\/p>\n<p>The company can accelerate warrant exercise at its discretion if its 20-day VWAP exceeds 130% of the relevant exercise price for any tranche.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/nyt-claims-bitcoin-creator-satoshi-nakamoto-is-british-cryptographer-adam-back\/\">Adam Back<\/a>, inventor of Hashcash and CEO of Blockstream, participated in the round. Following the transaction, Back holds approximately 13.43% of Capital B on an ordinary share basis. Blockstream Capital Partners, which<span style=\"font-weight:400\"> Back advises, holds about 14.42%. TOBAM, a French quantitative asset manager with a <span>crypto<\/span> focus, holds approximately 4.2% post-transaction.<\/span><\/p>\n<p><span style=\"font-weight:400\">Back also subscribed to a separate \u20ac1.1 million warrant transaction in early May 2026, reflecting continued confidence in the company\u2019s direction.<\/span><\/p>\n<p><span style=\"font-weight:400\">Capital B rebranded and pivoted to a <span>bitcoin<\/span> treasury company strategy in late 2024. The firm structures its operations around a single long-term goal: increasing the amount of <span>bitcoin<\/span> held per fully diluted share over time.<\/span><\/p>\n<p><span style=\"font-weight:400\">T<\/span>he company has an intermediate target of 15,000 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> by the end of 2027 and a long-term goal of accumulating approximately 210,000 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a>, equal to 1% of <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin<\/a>\u2019s total supply, by 2033. It funds purchases through equity raises, convertible instruments, and at-the-market (ATM) programs, without relying on operational cash flow alone.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/capital-b-completes-capital-increase-and-acquires-44-additional-bitcoin-now-holds-2888-btc\/\">Capital B<\/a> maintains subsidiaries focused on data intelligence, AI, and decentralized technology consulting. The company\u2019s average acquisition cost across its current holdings sits at approximately \u20ac92,000 per <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a>.<\/p>\n<p>Shares are admitted to trading on Euronext Growth Paris under ISIN FR0011053636. The new shares issued through the ABSA will trade on the same line as existing shares upon closing.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/adam-back-joins-capital-bs-e15-2m-round-to-expand-bitcoin-holdings\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Capital B raises \u20ac15.2 million via private placement on May 11, 2026, targeting 182 additional BTC for its treasury. 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. Full warrant exercise could [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":72365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72364"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72364"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72365"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}