France-listed Bitcoin treasury company Capital B has raised €15.2 million, or about $17.8 million, as it speeds up plans to grow its Bitcoin reserves during a volatile period in the crypto market.
The fundraising brought in strategic investors like Adam Back and Paris-based asset manager TOBAM. The company said the new funds could let it buy another 182 Bitcoin, possibly raising its total holdings above 3,100 BTC.
Capital B raised the money through a private placement with shares and subscription warrants. If all the warrants are used, the company could get much more funding in the future.
This move shows that some corporate Bitcoin treasury firms are still aggressively buying BTC, even as market conditions weaken and others in the sector become more cautious. Many companies in the industry have recently shifted to defensive strategies like hedging, reducing debt, and selling some assets.
Capital B, however, seems focused on expanding further. It is now one of Europe’s largest corporate Bitcoin holders and is the continent’s second-largest Bitcoin treasury after Bitcoin Group SE.
Even though the company’s shares are still down for the year, investors reacted positively to the latest fundraising news. This also shows that institutional interest in Bitcoin treasury models continues, even with uncertain market conditions.
Analysts say that treasury firms like Capital B are becoming popular ways for investors to get Bitcoin exposure through regulated public markets.
Source: X.com
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