In Bitcoin news Today, Blockstream CEO Adam Back has subscribed to a \u20ac7.6M private placement in the France-listed Capital B, providing the company with fresh capital to expand its Bitcoin treasury.<\/p>\n
According to Capital B\u2019s September 2 announcement, the financing could support the purchase of up to 376 additional BTC, potentially lifting the company\u2019s holdings from 3,145 BTC to a target of 3,521 BTC.<\/p>\n
Capital B $ALCPB<\/a> raises \u20ac7.6 million with strategic investor Adam Back @adam3us<\/a>, which along with ongoing operations, could enable the total acquisition of 376 additional BTC, bringing the Company\u2019s potential total holdings to 3,521 BTC with potential additional capital\u2026 https:\/\/t.co\/ieZBXDIM0o<\/a><\/p>\n \u2014 Alexandre Laizet (@AlexandreLaizet) September 2, 2026<\/a><\/p>\n\n Backsubscribed to 13,181,030 shares carrying four warrants each at \u20ac0.58 per unit, generating gross proceeds of roughly \u20ac7.64 million, or about US$8.8M at current exchange rates.<\/p>\n Closing was expected from September 3, though Capital B said technical requirements could delay completion by several days. Importantly, the 376 BTC figure represents potential capacity funded by the placement and ongoing operations \u2013 not coins already purchased.<\/p>\n (SOURCE: CoinGecko<\/a>)<\/p>\n The financing consists of shares with attached subscription warrants, known as ABSA, a structure Capital B has used repeatedly this year. Each of the 13.18 million shares carries four warrants, split across three tranches: two Warrants 2026-06 exercisable at \u20ac0.75, one Warrant 2026-07 exercisable at \u20ac0.98, and one Warrant 2026-08 exercisable at \u20ac1.27, all with five-year maturities.<\/p>\n Net proceeds from the placement are expected to reach approximately \u20ac7.3M after fees, and the subscription price represented a 15.4% premium to Capital B\u2019s September 1 closing share price.<\/p>\n Full exercise of every warrant attached to this transaction could hand Capital B another \u20ac49.43M, separate from and conditional on the confirmed \u20ac7.6M raise.<\/p>\n Capital B can also open an accelerated exercise window if its 20-day volume-weighted average share price exceeds 130% of a given exercise price for 20 consecutive trading days, after which any unexercised warrants become void.<\/p>\n Check out the BTC Markets on Kalshi and Claim Your FREE $25<\/span><\/a>\n<\/p>\n Capital B currently holds 3,145 BTC after buying 5 BTC for \u20ac280,000 in August at an average price of \u20ac55,882 per BTC, according to the company. That brought its aggregate acquisition cost for the strategic reserve to \u20ac284.2M.<\/p>\n The stated goal, as with other corporate Bitcoin accumulation strategies<\/a>, is to increase BTC held per fully diluted share over time rather than simply grow total coin count.<\/p>\n The September 2 deal follows a separate \u20ac21M private placement announced Aug. 28, which could fund 270 BTC and take holdings from 3,145 BTC toward 3,415 BTC, a distinct transaction from this week\u2019s 3,521 BTC target.<\/p>\n Capital B also ran a \u20ac15.2M placement in May that helped fund a \u20ac13M purchase of 192 BTC, structured similarly to how Strategy has financed its own Bitcoin purchases<\/a> through capital markets.<\/p>\nBitcoin News Today: How the Share-and-Warrant Financing Works<\/h2>\n\n
Capital B\u2019s Bitcoin Treasury Strategy<\/h2>\n