Capital B bought 376 Bitcoin for €25.3 million, or about $29.4 million, lifting its corporate treasury to 3,521 BTC. The Paris-listed company funded the purchase through a €28.7 million private placement of shares with warrants to institutional investors and a €1.44 million at-the-market equity issuance with asset manager TOBAM. Blockstream's Adam Back fully subscribed to a €7.6 million tranche completed Sept. 2 and was a strategic investor in an earlier €21 million block closed Aug. 28, increasing his ordinary-share stake to 17.64%. Capital B has spent €309.4 million, or $359.3 million, accumulating Bitcoin at an average cost of €87,878 per coin, above Bitcoin's price below $80,000 on Monday. The company is also developing a Bitcoin-backed credit instrument for European investors, while maintaining a 2033 target of holding 210,000 BTC.