Capital B (Euronext Growth Paris: ALCPB), a Bitcoin Treasury Company listed on Euronext Growth Paris, announced it has completed a capital increase of approximately €2.2 million.
🟠 Capital B announces a capital increase for an amount of ~€2.2 million with Adam Back (@adam3us) to pursue its Bitcoin Treasury Company strategy⚡️
Full Press Release (EN): https://t.co/MxyE7lIq27
Full Press Release (FR): https://t.co/3iuqaHMf9s
BTC Strategy (EN):… pic.twitter.com/P3daccJUAJ
— Capital B (@_ALCPB) August 18, 2025
The funding was fully subscribed by Adam Back, CEO of Blockstream.
The operation involved the issuance of 1,000,000 new shares at €2.238 per share, representing a 15% discount to the 20-day VWAP and an 8.9% premium over the latest closing price.
Proceeds are designated for the purchase of Bitcoin, which could add around 17 Bitcoin to the company’s holdings.
Following this acquisition, Capital B’s reserves are expected to reach approximately 2,218 Bitcoin.
According to the company, the capital increase is part of its strategy to expand Bitcoin holdings on a fully diluted basis.
This approach is similar to that of other publicly listed firms that have incorporated Bitcoin into their balance sheets.
In addition to the investment by Adam Back, Fulgur Ventures converted 4.76 million OCA B-01 bonds into 8.75 million ordinary shares.
As a result of these operations, Adam Back now holds over 20% of the company’s undiluted capital, while Fulgur Ventures increased its shareholding.
The transaction comes amid continued interest in blockchain and fintech initiatives in Europe, despite fluctuations in global funding trends.
Capital B is listed on Euronext Growth Paris and also operates subsidiaries in data intelligence, artificial intelligence, and decentralized technology consulting.