Capital B raised 1.1 million euros ($1.28 million) through the issuance of warrants subscribed by Blockstream CEO Adam Beck, boosting the French-listed bitcoin treasury company’s support for the cryptographer.
As of Monday, 10 million subscription warrants were subscribed back at $0.13 each. Announcement From the capital B. Each warrant gives the right to buy one new share of the company’s stock in the future at an exercise price of $0.98, which equates to the company’s market net asset value (mNAV) of 1.1 per share, the company said.
The deal will increase Beck’s exposure to Capital B, where he is already one of the company’s largest strategic investors. Beck now owns 39.5 million shares or 9.97% of Plan B on a fully diluted basis. Beck is credited as the inventor of HashCash, which is referenced in the Bitcoin White Paper.
The increase comes as some bitcoin treasury companies continue to seek capital for accumulation strategies, while others are using derivatives or asset sales to manage balance sheet risk during bitcoin’s downturn. Capital B and UK-based Connecting Excellence Group (XCE) were the only bitcoin treasury companies to raise capital in Europe over the past month.
XCE’s $794,000 capital pick up On April 23, Adam Beck also had support.
Capital B raised $1.28 million from Adam Beck. Source: Capital B
Shares of Capital B rose 6% after the announcement of the capital increase.
Capital b said The new capital will be used to “accelerate” its bitcoin treasury strategy, which was seen as a positive signal by shareholders.
Capital B’s stock price rose more than 6.5 percent on Monday, but is down more than 16 percent since the start of 2026. Data From Yahoo! Finance shows.
Capital B (ALCB.PA) stock price, year-to-date chart. Source: Yahoo! Finance
Capital B is the 25th largest Bitcoin treasury company, with 2,943 BTC currently worth approximately $234 million. According to On Bitcointreasuries.net data.
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Other bitcoin treasury companies are reducing the balance sheet risk associated with bitcoin’s downturn.
On April 24, Nasdaq-listed bitcoin treasury company Nakamoto announced an actively managed bitcoin derivatives program aimed at generating recurring income from volatility and protecting part of its corporate BTC holdings against downside exposure.
Nakamoto is the 20th largest bitcoin treasury firm and the largest to disclose the sale of part of its holdings earlier this year. The company announced the sale of 284 bitcoins (worth about $20 million at the time) on March 30. Filing With the US Securities and Exchange Commission.
A month earlier, in February, bitcoin treasury company Genius Group said it liquidated its entire treasury holdings of 84 BTC for about $5.7 million, which it used to pay down $8.5 million in debt, according to an SEC filing. Filing.
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