{
  "id": 3956229,
  "title": "Capital B raises $24.5M for its Bitcoin treasury amid market uncertainty with BlockStream’s Adam Back chipping in",
  "url": "https://urgent.news/2026/08/28/capital-b-raises-24-5m-for-its-bitcoin-treasury-amid-market",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T11:36:43.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/capital-b-raises-245m-for-its-bitcoin-treasury-amid-market-uncertainty-with-blockstreams-adam-back-chipping-in"
  },
  "original_language": "en",
  "account": "Capital B, a French Bitcoin treasury firm, successfully raised €21.0 million ($24.5 million) through a private share placement on August 28. The fundraise was led by Adam Back, CEO of the Bitcoin-centric blockchain development firm and renowned cypherpunk, alongside asset manager TOBAM. The shares were sold at €0.58 each, bundled with four share-subscription warrants, without pre-emption rights.\n\nIf all the warrants were to be exercised, Capital B would receive an additional €135.8 million ($158 million) from the issuance of 144,876,280 ordinary shares. The company has the option to expedite the warrant exercise period if the shares' volume-weighted average price over the past 20 trading days surpasses 130% of the exercise price for the relevant warrant tranche.\n\nCapital B intends to utilize the funds to acquire 270 BTC, increasing its total holdings to 3,415 BTC, making it the 29th largest publicly traded Bitcoin treasury company with assets worth $249 million. While it remains behind the leading Bitcoin treasury company, Strategy, which holds 843,775 BTC worth nearly $67 billion, Capital B's expansion is notable. In June, Capital B submitted a proposal to the board of directors, seeking to authorize capital increases up to €5 billion ($5.8 billion) via 125 billion shares and $116 billion in credit instruments. The resolution passed with an overwhelming 99.34% approval.",
  "summary": "The French Bitcoin treasury firm’s private placement drew support from Adam Back and TOBAM, with warrant exercises potentially unlocking another $158 million.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Cointelegraph",
        "title": "Bitcoin bear market ‘over’ as price metric copies 2023 recovery: CryptoQuant CEO",
        "url": "https://urgent.news/2026/08/28/bitcoin-bear-market-over-as-price-metric-copies-2023-recovery",
        "published": "2026-08-28T11:22:59.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}