{"id":27440,"date":"2026-05-04T11:22:03","date_gmt":"2026-05-04T11:22:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/capital-b-secures-1-28m-from-adam-back-to-build-bitcoin-stash\/"},"modified":"2026-05-04T11:22:18","modified_gmt":"2026-05-04T11:22:18","slug":"capital-b-secures-1-28m-from-adam-back-to-build-bitcoin-stash","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/capital-b-secures-1-28m-from-adam-back-to-build-bitcoin-stash\/","title":{"rendered":"Capital B secures $1.28M from Adam Back to build Bitcoin stash"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p>Capital B has secured fresh backing from Blockstream CEO Adam Back through a 1.1 million euro ($1.28 million) warrant issuance, deepening the cryptographer\u2019s exposure to the French-listed Bitcoin treasury firm.<\/p>\n<div id=\"cn-block-summary-block_044697f65247bfc32690af6463a189d9\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Capital B has raised \u20ac1.1 million through warrants fully subscribed by Blockstream CEO Adam Back, increasing his stake to 9.97% on a diluted basis.<\/li>\n<li>The company said the funds will support its Bitcoin treasury strategy, as shares rose over 6.5% on the announcement despite a 16% decline in 2026.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to a Monday <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cptlb.com\/wp-content\/uploads\/2026\/05\/13t3U0jKTH\/20260504-TBG-CP-4-mai-2026-EN-FINAL.pdf\" target=\"_blank\" rel=\"nofollow\">announcement<\/a> from Capital B, Back subscribed to 10 million warrants priced at 0.11 euros ($0.13) each, with every warrant granting the right to purchase a new share at an exercise price of 0.84 euros ($0.98). The company said the exercise price aligns with its market net asset value, placing mNAV at 1.1 per share.<\/p>\n<p>Already among the firm\u2019s largest investors, Back\u2019s position expands further through the deal. Capital B said his holdings now exceed 39.5 million shares, representing 9.97% ownership on a fully diluted basis. Back, known for creating Hashcash, contributed one of the proof-of-work systems cited in the Bitcoin white paper.<\/p>\n<h2 class=\"wp-block-heading\">Capital raise strengthens Bitcoin accumulation push<\/h2>\n<p>Capital B said the proceeds will be directed toward accelerating its Bitcoin treasury strategy, a move that coincided with a positive reaction in its share price. Data from Yahoo Finance shows the company\u2019s stock rose more than 6.5% on Monday following the announcement, although it remains down over 16% since the start of 2026.<\/p>\n<p>Bitcointreasuries.net data places Capital B as the 25th-largest corporate Bitcoin holder, with 2,943 BTC valued at roughly $234 million.<\/p>\n<p>Activity across similar firms has diverged in recent weeks as companies adjust to market conditions. Capital B and UK-based Connecting Excellence Group were the only Bitcoin treasury firms in Europe to raise capital over the past month, according to available disclosures. Connecting Excellence Group raised $794,000 on April 23, also with backing from Back.<\/p>\n<p>Elsewhere, companies have taken a more defensive approach. On April 24, Nasdaq-listed Nakamoto said it had launched an actively managed derivatives program designed to generate income from volatility while hedging downside exposure on its Bitcoin holdings. In a March 30 filing with the U.S. Securities and Exchange Commission, Nakamoto disclosed the sale of 284 BTC, worth about $20 million at the time, making it the largest treasury firm this year to report trimming its holdings.<\/p>\n<p>Meanwhile, Genius Group said it had liquidated its entire Bitcoin treasury of 84 BTC in February, raising about $5.7 million to repay an $8.5 million debt obligation, according to disclosures submitted to the SEC.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Capital B has secured fresh backing from Blockstream CEO Adam Back through a 1.1 million euro ($1.28 million) warrant issuance, deepening the cryptographer\u2019s exposure to the French-listed Bitcoin treasury firm.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=27440"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27440\/revisions"}],"predecessor-version":[{"id":27441,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27440\/revisions\/27441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8755"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=27440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=27440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=27440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}