Crypto-punk veteran himself personally steps in to send money to a Bitcoin vault
French vault company Capital B has just completed a $24.5 million private placement, and among the lead investor list is a legendary figure: Adam Back
This name is understood by even old “bagholders.” In the crypto-punk circles, he’s a senior elder— the concept of Proof of Work was first proposed by him. The Bitcoin whitepaper cites his papers.
Adam Back now steers Blockstream, the top figure in the Bitcoin infrastructure world.
For someone like this to put money in, it shows that in his eyes, there’s still plenty of fat to be made in the vault business.
What does Capital B plan to do with the funds? Buy BTC—its plan is to accumulate another 270 Bitcoins, lifting its total holdings to 3,415.
At the moment, it’s the world’s 29th-largest publicly listed Bitcoin vault company, holding 3,139 BTC with a market value of about $250 million.
It’s pretty formidable among ordinary companies, but compared with the industry elder brothers, it suddenly looks like a little brother.
The market leader holds over 840,000 coins—worth nearly $67 billion. The gap is basically like retail investors versus a big whale.
What’s interesting is that Capital B’s ambition doesn’t stop there. Earlier, at a shareholder meeting, it just got approval for a massive $5.8 billion share issuance.
At the time, many smaller vault companies were quietly selling coins and running. In contrast, it turns around and plans the largest-scale coin hoarding in history.
This move—either it’s an extreme vote of confidence, or it’s just painting a big-bird fantasy for itself. Either way, the nerve is maxed out.
In essence, the vault business ties the company’s life closely to Bitcoin’s long-term trajectory.
If the coin goes up, the company’s market cap takes off; if the coin goes down, the company’s financial reports become a disaster scene.
Adam Back entering at this moment is like putting his money where his mouth is—using real cash to signal that he believes in Bitcoin’s next chapter.
The question is: is this just the sharp instincts of an old hand, or a friend’s show of support? Guess in the comments.
Click the avatar to watch the live stream.
Every day, I’ll help you track Bitcoin hotspots—not only what’s happening in the news, but also the logic and opportunities behind it 👉🦖
#比特币 #Bitcoin Vault Company
French vault company Capital B has just completed a $24.5 million private placement, and among the lead investor list is a legendary figure: Adam Back
This name is understood by even old “bagholders.” In the crypto-punk circles, he’s a senior elder— the concept of Proof of Work was first proposed by him. The Bitcoin whitepaper cites his papers.
Adam Back now steers Blockstream, the top figure in the Bitcoin infrastructure world.
For someone like this to put money in, it shows that in his eyes, there’s still plenty of fat to be made in the vault business.
What does Capital B plan to do with the funds? Buy BTC—its plan is to accumulate another 270 Bitcoins, lifting its total holdings to 3,415.
At the moment, it’s the world’s 29th-largest publicly listed Bitcoin vault company, holding 3,139 BTC with a market value of about $250 million.
It’s pretty formidable among ordinary companies, but compared with the industry elder brothers, it suddenly looks like a little brother.
The market leader holds over 840,000 coins—worth nearly $67 billion. The gap is basically like retail investors versus a big whale.
What’s interesting is that Capital B’s ambition doesn’t stop there. Earlier, at a shareholder meeting, it just got approval for a massive $5.8 billion share issuance.
At the time, many smaller vault companies were quietly selling coins and running. In contrast, it turns around and plans the largest-scale coin hoarding in history.
This move—either it’s an extreme vote of confidence, or it’s just painting a big-bird fantasy for itself. Either way, the nerve is maxed out.
In essence, the vault business ties the company’s life closely to Bitcoin’s long-term trajectory.
If the coin goes up, the company’s market cap takes off; if the coin goes down, the company’s financial reports become a disaster scene.
Adam Back entering at this moment is like putting his money where his mouth is—using real cash to signal that he believes in Bitcoin’s next chapter.
The question is: is this just the sharp instincts of an old hand, or a friend’s show of support? Guess in the comments.
Click the avatar to watch the live stream.
Every day, I’ll help you track Bitcoin hotspots—not only what’s happening in the news, but also the logic and opportunities behind it 👉🦖
#比特币 #Bitcoin Vault Company
