Capital B: Adam Back Welcomes New BTC Shareholder
Capital B adds Nicolas Chéron as shareholder to accelerate Bitcoin accumulation; BTC trades at $78987.69 with neutral RSI on 4h chart.
SourceAnalysis
Adam Back welcomed Nicolas Chéron to the Capital B team after the French investor became a shareholder focused on building a strategic BTC reserve through capital markets. Chéron highlighted the firm’s radical approach of raising funds to accumulate Bitcoin and launching digital credit products, joining figures like Adam Back and Yves Choueifaty of TOBAM. The move forms part of his long-term crypto allocation alongside stakes in TheBigWhale_. BTC price prediction models now factor in equity vehicles like Capital B for leveraged exposure, while Bitcoin investment strategy discussions note the stock’s post-bear-market recovery setup. On the 4h chart, BTC sits at $78987.69 just above the EMA50 at $78957.66 yet below the upper Bollinger Band resistance at $80333.01, with RSI at 48.51 leaving room before overbought conditions and the MACD death cross at -175.31 signaling short-term caution; a test of the EMA200 support at $73973.33 could precede the next leg higher if the band holds.
Adam Back
@adam3uscypherpunk, cryptographer, privacy/ecash, inventor hashcash (used in Bitcoin mining) PhD Comp Sci http://adam3.us Co-Founder/CEO http://blockstream.com