Capital B has expanded its Bitcoin treasury with the acquisition of 376 BTC for €25.3 million, following the completion of a series of capital-raising transactions. The French-listed company now holds 3,521 BTC, strengthening its position as one of Europe’s prominent corporate Bitcoin holders.
The company confirmed the purchase on September 7, alongside the completion of €30.1 million in total capital increases. The funding included €1.44 million raised through an ATM-style agreement with TOBAM and €28.7 million from private placements involving institutional investors.
New Funding Supports Bitcoin Strategy
The larger private placement involved €21 million raised in August from global institutional investors, including strategic investors Adam Back and TOBAM. Capital B then secured another €7.6 million from Back through a separate private placement announced September 2.
Each unit in the private placements included one share and four subscription warrants. The structure gives investors potential exposure to future equity while providing Capital B with additional capital for its Bitcoin treasury strategy.
Capital B said Swissquote Bank Europe executed the Bitcoin purchase using proceeds from the capital increases. The company also placed the newly acquired Bitcoin into custody through Taurus technology.
Treasury Reaches 3,521 Bitcoin
Following the latest acquisition, Capital B and its Luxembourg subsidiary hold 3,521 BTC with an aggregate acquisition value of €309.4 million. The company’s average acquisition cost stands at €87,878 per Bitcoin.
Capital B reported a Bitcoin Yield of 2.17% year to date and 0.31% for the quarter. It also reported a year-to-date Bitcoin Gain of 61.3 BTC and a Bitcoin-denominated euro gain of €4.2 million.
The latest purchase highlights Capital B’s continued effort to grow its Bitcoin holdings through equity financing. The company has increasingly used capital markets to fund Bitcoin accumulation while targeting higher Bitcoin exposure on a fully diluted share basis.
