They told you not to chase green candles. They told you to wait for the "real dip." And while you sat on your hands, Adam Back — the man whose hashcash work is literally in Bitcoin’s foundations — just helped fund a French company’s plan to buy hundreds more Bitcoin before the week was over.
The Facts
Capital B, Europe’s first publicly traded bitcoin treasury company (ticker ALCPB on Euronext Growth Paris), raised €21 million (~$24 million) in a private placement announced Friday, August 28. The buyers? Blockstream CEO Adam Back and asset manager TOBAM.
Here’s the part that should sting: the 36,219,070 new shares were priced at €0.58 — a 6.45% discount to Wednesday’s closing price. The company’s own investors got in cheaper than the market. After fees, roughly €19.9 million lands in the treasury — enough for about 270 more Bitcoin.
Capital B already holds 3,145 BTC, worth about $245 million at $77,960, making it the 27th largest public bitcoin treasury on the planet. This raise pushes its stack toward 3,415 total. Back in May it grabbed 192 coins for €13 million after three separate raises. The machine does not stop when the price drops. It buys more.
And remember: this is the same company that asked shareholders for a €105 billion capital mandate back in June, with a public target of 15,000 BTC by the end of 2027. Every dip is a wholesale aisle for them.
Why This Is Your Problem
Here is the hypocrisy nobody wants to say out loud. Corporate treasuries spent a year telling YOU to be careful, to wait, to manage risk. Genius Group just liquidated its entire Bitcoin stash at a loss to repay debt. Strategy sold thousands of coins. The headlines screamed "the treasury model imploded."
And then the smartest money in the room — the man who literally invented proof-of-work — quietly signs up for MORE.
They sell when you panic. They buy when you hesitate. You are not competing with the market. You are competing with people who treat Bitcoin like a savings account with a discount shelf.
The lesson is not "buy this stock." The lesson is what happens when the people who understand Bitcoin best keep accumulating through the noise — while retail keeps waiting for a signal that never comes.
The Love Is Bitcoin Takeaway
You do not need a French boardroom to stack sats. That is the whole point. Capital B raises capital, issues shares, dilutes its own investors — all to do what you can do in five minutes: own the asset itself.
If you want what they are buying — real Bitcoin, not a stock, not an insider discount — you can get it without the middleman. Buy the asset, move it to a wallet you control, and learn the difference between a treasury stock and your own keys. Coupon code: LOVEISBITCOIN. Get your stack started at loveisbitcoin.com/bull.
The French company wants 15,000 BTC by 2027. The corporations want your attention and your fees. The only question that matters: while Adam Back is funding another €21 million of accumulation, what is YOUR stack doing this week — and whose discount are you waiting for?
This article is for education only and is not financial advice.
ADAM BACK JUST BET ON FRANCE'S BITCOIN TREASURY — €21M RAISED TO BUY MORE BITCOIN
