Bitcoin treasury firm Capital B has declared a capital increase of 1.2 million euros, as per an official press release. Fixed at 1.7 euros per share, the money will be raised through an ATM program and will be used to accumulate more bitcoin.
706,000 shares are to be issued at two price points of 1.68 euros (443,000 shares) and 1.74 euros (263,000 shares)
The update comes after Strategy and Metaplanet—two of the largest corporate holders of Bitcoin—picked up substantial amounts of BTC on Monday for their treasuries.
Capital B is backed by multiple strategic investors, including Fulgur Ventures, Adam Back, UTXO Management, and TOBAM.
The filing says the new funding, if secured, could boost the company’s total holdings of bitcoin to 2,810 BTC.
However, observers with experience in the digital asset space have pointed out concerns associated with digital asset treasury firms, specifically a pattern of using market narratives to earn publicity and investment, rather than demonstrating real utility or growth in their strategy.
“Zooming out, this isn’t really about Bitcoin or altcoins. It’s about DATs, a structure that’s quietly becoming a way to turn narrative into liquidity, and public markets into exit ramps,” said crypto principal consultant Navneet Bansal on LinkedIn.
“The playbook is straightforward: Raise capital → wrap a token into a public vehicle → announce the pivot → ride the hype → exit when the music’s loudest. Sometimes it’s equity, sometimes it’s tokens. Sometimes both. But the mechanism doesn’t change, inflate a story, sell the exposure, and leave someone else holding the bag,”