Bitcoin News Today: Adam Back's Bold Bet Signals Faith in Bitcoin's Future Amid Market Quiet

Adam Back, the CEO of Blockstream and a prominent figure in the Bitcoin ecosystem, has injected €2.2 million into Capital B, a publicly traded Bitcoin Treasury Company listed on Euronext Growth Paris. The investment, which accounts for the full subscription of the company’s capital increase, involved the issuance of 1,000,000 new shares at a price of €2.238 per share. The move represents a 15% discount to the 20-day volume-weighted average price and an 8.9% premium over the last closing price. Proceeds from the funding are set to be used for the purchase of approximately 17 additional Bitcoin, increasing Capital B’s holdings to around 2,218 Bitcoin in total [1].

Back’s investment solidifies his position as a major stakeholder in the company, with his ownership now surpassing 20% of the undiluted capital. This strategic move aligns with Capital B’s broader objective of expanding its Bitcoin holdings, a strategy increasingly adopted by publicly listed firms seeking to incorporate digital assets into their balance sheets. The company also reported that Fulgur Ventures increased its shareholding by converting 4.76 million OCA B-01 bonds into 8.75 million ordinary shares [1].

The investment comes at a time when the broader Bitcoin market is showing signs of consolidation. On-chain data suggests that the 30-Day Active Supply metric—used as a gauge of market activity—has experienced a cooldown in recent weeks. This metric measures the number of unique Bitcoin addresses that have moved at least once in a 30-day period. A decline in this activity typically indicates investor hesitation or a period of consolidation following a period of high volatility [2]. Analysts, including on-chain expert Alphractal, have noted that such a lull in activity often precedes a significant market move, either upward or downward [2].

Bitcoin’s price, as of the latest available data, sits just above $115,000, with a 2% decline over the past 24 hours and a 2% drop over the last week. Despite hitting a new all-time high in recent months, the cryptocurrency has struggled to maintain consistent upward momentum. This pattern has sparked speculation among investors and analysts alike about whether the market is entering a phase of correction or preparing for a new bull run [2].

In parallel, the Bitcoin community remains divided on the implications of growing institutional involvement. While figures like David Bailey, a Bitcoin adviser to U.S. President Donald Trump, argue that institutional adoption is a sign of long-term strength and that a bear market is years away, others remain skeptical. Preston Pysh, co-founder of Ego Death Capital, has highlighted concerns among early Bitcoiners who fear the asset is moving away from its original purpose as a decentralized, trustless, and censorship-resistant store of value [3]. Pysh argues that the rise of derivatives and other institutional-style products could undermine Bitcoin’s role as a safe-haven asset [3].

Despite these concerns, institutional interest in Bitcoin continues to expand. A report from Coinbase and EY-Parthenon revealed that 83% of institutional investors plan to increase their crypto allocations in 2025. Meanwhile, the total value of institutional Bitcoin holdings has surpassed $100 billion, a figure expected to grow as more sovereign wealth funds, banks, and pension funds integrate the asset into their portfolios [4]. However, this increased participation also brings new risks, including the potential for leverage-driven corrections or regulatory shocks that could trigger a downturn [4].

The market’s next major movement—whether upward or downward—will likely be influenced by a combination of macroeconomic factors, institutional behavior, and investor sentiment. For now, Adam Back’s investment in Capital B reflects a continued belief in Bitcoin’s long-term value, even amid a period of relative market inactivity. As the on-chain indicators continue to evolve, investors are closely monitoring the 30-Day Active Supply and other metrics for early signs of the next major price shift [2].

Source:

[1] Capital B Raises €2.2 Million Through Investment by Adam Back (https://btctimes.com/capital-b-raises-eu2-2-million-through-investment-by-adam-back/)

[2] Bitcoin 30-Day Active Supply Signals Slow Activity—Could BTC Be Preparing for a Big Move? (https://www.mexc.com/news/bitcoin-30-day-active-supply-signals-slow-activitycould-btc-be-preparing-for-a-big-move/72327)

[3] Bitcoiners’ skepticism over institutions isn’t going away (https://cointelegraph.com/news/bitcoin-skepticism-institutional-adoption-will-stay-preston-pysh)

[4] Bitcoin bear market is likely years away (https://cointelegraph.com/news/bitcoin-bear-market-years-away-david-bailey)