FRANCE —Euronext Growth-listed digital asset treasury firm Capital B has secured EUR 7.6 million through a targeted private placement subscribed by strategic investor Adam Back. The capital injection involves the issuance of over 13.18 million equity units priced at EUR 0.58 each, representing a 15.4 percent premium over the preceding closing share price. Each unit incorporates four subscription warrants structured across three price tranches ranging from EUR 0.75 to EUR 1.27. Full exercise of these warrant instruments would inject up to EUR 49.4 million in follow-on equity into the organization.
Headquartered in France, Capital B specializes in artificial intelligence, decentralized technology consulting, data intelligence, and corporate treasury management. The company operates as Europe’s initial publicly traded corporate treasury platform focused on systematic digital asset accumulation, targeting long-term growth in per-share holdings.
Net proceeds of approximately EUR 7.3 million will be directed toward acquiring an estimated 376 units of Bitcoin, expanding the organization's projected total balance sheet holdings to 3,521 units. The transaction features an accelerated exercise clause triggered if the company's volume-weighted average share price maintains a 30 percent premium above the respective warrant strike prices over 20 consecutive trading days. This structured equity mechanism minimizes immediate equity dilution while granting access to flexible capital reserves tied to market appreciation.
This initiative highlights the growing corporate trend of balance sheet diversification using decentralized digital assets to mitigate macroeconomic risks and currency devaluation. The strategy provides institutional investors with transparent, indirect exposure to alternative asset classes within a regulated public equity framework.
For technology, financial services, and corporate advisory sectors, the funding model offers a blueprint for structured equity financing linked to non-traditional reserve assets. This development reflects shifting treasury practices across European capital markets, encouraging established management teams to evaluate alternative asset allocation models to drive long-term equity value.
