Capital B raises $24.5M for Bitcoin treasury as Adam Back and TOBAM participate

French Bitcoin treasury firm Capital B has raised $24.5 million through a private placement, securing backing from Blockstream’s Adam Back and investment firm TOBAM. The financing comes as uncertainty persists across the cryptocurrency market and is intended to support the company’s Bitcoin treasury strategy. Capital B’s fundraising could expand significantly if warrants linked to the transaction are exercised. Those warrants have the potential to provide an additional $158 million, according to Cointelegraph. The deal places Capital B among companies seeking to build or strengthen Bitcoin treasury exposure through capital-market financing. Bitcoin is the primary related asset, while Capital B’s market identifier is CAP. The source did not provide further details on the placement’s terms, the number of Bitcoin to be acquired, or the timing of any potential warrant exercises.