Capital B Raises €58.1M to Boost Bitcoin Strategy

On September 16, Capital B, a French firm listed on Euronext Growth Paris, raised €58.10 million via private placement, bolstering its Bitcoin treasury operations.

This event underscores growing institutional interest in Bitcoin, potentially influencing European firms to consider Bitcoin as a strategic reserve.

Capital B Secures €58.1M for Bitcoin Treasury Expansion

Capital B, a French-listed company, announced the completion of a private placement raising €58.1 million. This move aligns with its strategic focus to enhance Bitcoin as a treasury asset. Led by Alexandre Laizet, they aim to leverage these funds to bolster Bitcoin reserves.

The raised capital aims to accelerate Capital B’s Bitcoin strategy, impacting the broader market adoption of cryptocurrencies in Europe. With participation from major institutions, the initiative suggests an expanding institutional interest in Bitcoin as a key asset.

Alexandre Laizet, Board Member and Director of Bitcoin Strategy, Capital B, stated, “This successful €58 million capital raise represents Europe’s first Accelerated Bookbuild (ABB) transaction for Bitcoin Treasury Companies and marks the beginning of Capital B’s institutionalization era, with the participation of 35 institutions from 10 different countries, including global Traditional Finance and Bitcoin Native institutional investors…”

Europe’s First ABB Signals Shift in Bitcoin Investment

Did you know? The concept of Bitcoin as a treasury asset is gaining traction among institutional investors, reshaping traditional finance approaches.

The €58 million raised by Capital B in its private placement is Europe’s first Accelerated Bookbuild (ABB) transaction focused specifically on Bitcoin treasury companies, showcasing a shift in traditional finance’s approach to cryptocurrency assets.

The Coincu research team suggests Capital B’s move could set a precedent, influencing other firms to follow suit. The initiative is likely to draw attention from regulators and may accelerate institutional adoption of Bitcoin as a treasury asset, potentially impacting its price stability and market dynamics.