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Adam Back Invests €7.6M in Capital B for Bitcoin Purchases
Adam Back invests €7.6 million in Capital B to fund further bitcoin purchases, including 376 coins.
02/09/2026 18:428 min read
Adam Back, a prominent bitcoin figure, put €7.6 million ($8.8 million) into Capital B. The Euronext Growth-listed firm describes itself as Europe’s first bitcoin treasury company.
The investment will fund additional bitcoin purchases, Capital B said on Wednesday. Back serves as CEO of Blockstream, a bitcoin infrastructure firm, and is a well-known figure in the industry.
Last week, Capital B had already disclosed a private placement of €21 million ($24 million) involving Adam Back of Blockstream and asset manager TOBAM. The new announcement follows that.
Capital B announces a €21.0 million capital raise with global institutional investors, including strategic investors Adam Back and TOBAM, to accelerate its Bitcoin Treasury Company strategy
— Capital B (@_ALCPB) August 28, 2026
Full Press Release (EN): https://t.co/XQGT44ma4d
Full Press Release (FR):…
“The proceeds of the Private Placement will be used primarily to strengthen Capital B’s balance sheet through the accumulation of bitcoin as a long-term reserve asset,” the company said in a statement.
“This capital increase is a key step in implementing the company’s Bitcoin Treasury Company strategy, focused on increasing the number of bitcoin per share on a fully diluted basis over time.”
The company stated the placement would enable the purchase of 376 more bitcoins, raising its potential holdings to 3,521 from the current 3,145.
Per Bitcoin Treasuries, Capital B ranks 26th among publicly traded bitcoin treasuries globally, holding 3,145 bitcoins valued at $242 million at the current price of $76,959.
Most of that stash was accumulated via fundraising rounds in the first half of 2026.
In May, the company bought 192 bitcoins for €13 million following three capital raises.
Capital B aims to expand its bitcoin holdings as other treasury firms also seek to increase their positions through fundraising.
Last week, NYSE-listed Genius Group, an AI education firm, announced plans to build AI and bitcoin treasuries worth $1.6 billion combined. This followed its sale of all bitcoin holdings to repay $8.5 million in debt.
The bitcoin treasury model has suffered since last year as the leading cryptocurrency's price declined.
Several firms in the sector have liquidated their bitcoin reserves, including Nasdaq-listed Strategy, the largest corporate holder.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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