Adam Back Commits $1.3M Investment to Support Capital B's Bitcoin Treasury Plans
This transaction will expand Back's stake in Capital B, a firm where he already ranks among the most significant strategic stakeholders. Following this investment, Back's holdings have grown to exceed 39.5 million shares, representing 9.97% of Plan B's equity on a fully diluted basis. Back has earned recognition primarily for creating Hashcash, the proof-of-work mechanism referenced within the Bitcoin white paper.
This capital injection arrives at a time when certain Bitcoin treasury corporations are actively pursuing funding for their accumulation strategies, whereas other firms are turning to derivatives instruments or asset liquidations to mitigate balance sheet exposure during Bitcoin's market decline. In the European market over the previous month, only Capital B and the United Kingdom-headquartered Connecting Excellence Group (XCE) succeeded in securing capital as Bitcoin treasury enterprises.
Adam Back also provided financial backing for XCE's $794,000 fundraising round that closed on April 23.
Capital B shares rise 6% after capital raise announcement
According to Capital B's statement, the fresh capital will be deployed to "accelerate" the company's Bitcoin treasury strategy, a move that shareholders interpreted as a favorable development.
On Monday, Capital B's share price experienced an increase exceeding 6.5%, though the stock remains down more than 16% from the start of 2026, according to data provided by Yahoo! Finance.
Ranked as the 25th largest Bitcoin treasury corporation, Capital B maintains a position of 2,943 BTC with a present valuation of approximately $234 million, based on data from Bitcointreasuries.net.
Meanwhile, other Bitcoin treasury corporations are taking steps to minimize the balance sheet risks linked to Bitcoin's current downturn.
Nakamoto, a Bitcoin treasury company listed on Nasdaq, revealed on April 24 its implementation of an actively managed Bitcoin derivatives program designed to produce recurring income from market volatility while providing a hedge for portions of its corporate BTC portfolio against downside risk exposure.
Ranked as the 20th-largest Bitcoin treasury enterprise, Nakamoto stands as the largest firm to publicly disclose a partial sale of its holdings during the earlier part of this year. In a March 30 filing submitted to the US Securities and Exchange Commission, the company documented the sale of 284 Bitcoin, valued at approximately $20 million at that time.
One month prior in February, Genius Group, another Bitcoin treasury company, disclosed that it had liquidated its complete treasury position of 84 BTC for roughly $5.7 million, with proceeds directed toward repaying an $8.5 million debt obligation, as documented in an SEC filing.