# Capital B Raises €21 Million With Warrants That Could Cut Its Bitcoin-Per-Share Ratio by About 24%

Adam Back and TOBAM joined the placement, which would fund roughly 270 additional Bitcoin, while a separate company that sold all its holdings to repay debt now targets an $827 million rebuild.

- Published: 2026-08-29T05:48:58.855Z
- Canonical: https://polylog.news/crypto/2026-08-29/capital-b-raises-21-million-with-warrants-that-could-cut-its
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Bitcoin Magazine](https://bitcoinmagazine.com/news/capital-b-raises-money-for-bitcoin), [CryptoSlate](https://cryptoslate.com/capital-bs-e21-million-bitcoin-raise-comes-with-heavy-warrant-dilution-risk/), [Polylog editors](https://polylog.news), [CryptoSlate](https://cryptoslate.com/after-selling-all-its-bitcoin-to-pay-off-debt-ai-firm-tries-to-rebuild-827-million-treasury-from-scratch/)

Capital B, the French Bitcoin treasury company, raised €21 million from institutional investors including Adam Back and the asset manager TOBAM. The company held 3,145 bitcoin at the time of the announcement, worth more than $245 million, a…

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