{"id":50699,"date":"2026-09-07T23:31:37","date_gmt":"2026-09-07T23:31:37","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=50699"},"modified":"2026-09-07T23:31:37","modified_gmt":"2026-09-07T23:31:37","slug":"capital-bs-biggest-bitcoin-buy-in-a-year-rides-on-adam-backs-8-8-million-bet","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=50699","title":{"rendered":"Capital B’s biggest bitcoin buy in a year rides on Adam Back’s $8.8 million bet"},"content":{"rendered":"

The Paris-listed bitcoin treasury firm Capital B acquired 376 BTC for \u20ac25.3 million ($29.4 million) on Monday.<\/strong> This was the biggest individual buy over a twelve-month span and followed new money from Blockstream\u2019s Adam Back into the company\u2019s latest equity raise.<\/strong><\/p>\n

The purchase is a signal that at least one European company is still playing by Strategy\u2019s playbook by being able to raise capital and put it into Bitcoin, even with the token trading below $80,000.<\/p>\n

Blockstream\u2019s chief pushed his stake to 17.64%<\/span><\/h3>\n

The purchase was funded by two financings closed the same day, Capital B said in a statement Sept. 7. One was a modest \u20ac1.44 million top-up at \u20ac0.51 a share via an at-the-market program with asset manager TOBAM.<\/p>\n

The larger tranche was a private placement of shares with warrants, raising 28.7 million euros (about $33.3 million) at a price of 0.58 euros per share, and was taken by institutional buyers.<\/p>\n

In the press release<\/a>, Back was revealed to have fully subscribed to a \u20ac7.6 million ($8.8 million) tranche that was completed September 2, as well as an earlier \u20ac21 million block that closed August 28, where he was also listed as a strategic investor.<\/p>\n

The two injections together elevated his stake in ordinary shares to 17.64%.<\/p>\n

Capital B<\/a> said the 376 BTC bought Monday boosted its treasury to 3,521 bitcoin purchased for a total of \u20ac309.4 million ($359.3 million). The average price is \u20ac87,878, or about $102,058 per coin, well above the ~$79,000 Bitcoin was trading for Monday.<\/p>\n

The token had attained a local high near $81,700 last Thursday before pulling back.<\/p>\n

The previous month, Capital B added just 6 BTC, and Monday\u2019s purchase was its largest since September 2025, when it took on 551 BTC. The company previously known as The Blockchain Group rebranded to Capital B in July 2025 with a bitcoin-first balance sheet.<\/p>\n

A sector that lost $80 billion still has buyers<\/span><\/h3>\n

As was reported by Cryptopolitan at the time, authorizations for up to \u20ac5 billion in new equity and \u20ac100 billion in credit instruments were sanctioned by over 95% of votes at the annual meeting on June 17, with a long-term target of 210,000 BTC, or about 1% of all bitcoin<\/a>, by 2033. At that time the company had 3,139 BTC.<\/p>\n

Some of that ambition depends on a product Capital B hasn\u2019t yet launched. The company is creating a bitcoin-backed credit instrument for European investors based on Strategy\u2019s STRC and Strive\u2019s SATA, with a goal of double-digit yields and less than 10% volatility, board director Alexandre Laizet told an audience at BTC Prague. No launch date has been set.<\/p>\n

Capital B is putting money into a thinning sector. Cryptopolitan, in its report<\/a> on the treasury shakeout, observed that these companies had lost more than $80 billion in combined market value since they reached their crest in mid-2025 and that 35 of the top 50 were trading more than half below previous levels.<\/p>\n

Some, such as France\u2019s Sequans, have given up the strategy and resorted to selling their coins.<\/p>\n

In late August, Strive bought 1,800 BTC for about $143 million, becoming the fifth-largest public holder. Strategy restarted buying after a ~10-week pause, spending $369.7 million.<\/p>\n

The smartest crypto minds already read our newsletter. Want in? Join them<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The Paris-listed bitcoin treasury firm Capital B acquired 376 BTC for \u20ac25.3 million ($29.4 million) on Monday. This was the biggest individual buy over a twelve-month span and followed new money from Blockstream\u2019s Adam Back into the company\u2019s latest equity raise. The purchase is a signal that at least one European company is still playing […]<\/p>\n","protected":false},"author":1,"featured_media":50700,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-50699","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"\nCapital B's biggest bitcoin buy in a year rides on Adam Back's $8.8 million bet - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=50699\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capital B's biggest bitcoin buy in a year rides on Adam Back's $8.8 million bet - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"The Paris-listed bitcoin treasury firm Capital B acquired 376 BTC for \u20ac25.3 million ($29.4 million) on Monday. 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