Capital B Secures €21M to Expand Corporate Bitcoin Holdings
French firm Capital B secured €21 million from TOBAM and Adam Back to boost its Bitcoin treasury reserves.
French Bitcoin treasury company Capital B has raised €21 million in a funding round backed by TOBAM and Blockstream CEO Adam Back. The capital will be dedicated entirely to accumulating additional BTC for the firm's balance sheet.
Capital B already holds 3,145 BTC, valued at more than $245 million. The funding underscores the ongoing trend of corporate entities adopting Bitcoin as a primary treasury reserve asset to hedge against long-term fiat currency debasement.
Continued balance sheet accumulation by private and public companies helps absorb circulating supply. This capital injection demonstrates persistent institutional demand for Bitcoin despite broader market fluctuations.
Key takeaways
- Capital B raised €21 million from Adam Back and TOBAM to acquire more BTC.
- The company currently manages a treasury holding 3,145 bitcoins.
- Corporate adoption of Bitcoin as a primary reserve asset continues to expand in Europe.