Capital B has added 12 more Bitcoin to its treasury, pushing total holdings to 2,812 BTC as it continues its aggressive crypto accumulation strategy.
Key Takeaways
- Capital B now holds 2,812 BTC worth over $314 million, up from just 15 BTC in November 2024.
- The company reported a year-to-date Bitcoin yield of 1,656.1%, fueled by rising prices and strategic purchases.
- A recent €1.2 million capital raise through an “ATM-type” agreement with TOBAM funded the latest acquisition of 12 BTC.
- Capital B ranks among the top 30 global public companies in Bitcoin holdings and is the largest Bitcoin treasury firm in Europe.
What Happened?
Capital B, a Paris-listed firm on Euronext Growth under the ticker ALCPB, acquired 12 additional Bitcoin for €1.2 million. The purchase brings its total holdings to 2,812 BTC, valued at more than $314 million. This move aligns with the company’s stated strategy to steadily accumulate Bitcoin while expanding its operational focus on AI, Data Intelligence, and decentralized technology.
🟠 Capital ₿ confirms the acquisition of 12 BTC for €1.2 million, the holding of a total of 2,812 BTC, and a BTC Yield of 1,656.1% YTD⚡️
— Capital B (@_ALCPB) September 29, 2025
Full Press Release (EN): https://t.co/M4nzYzJC5c
Full Press Release (FR): https://t.co/GCbFgJZjKb
BTC Strategy (EN):… pic.twitter.com/VbSgeBrR0a
Capital Raise Powers Continued Accumulation
The recent acquisition was funded through an “ATM-type” capital increase structure with French asset manager TOBAM. Capital B issued 706,000 new shares at €1.70 each, generating €1.2 million specifically to buy Bitcoin. The ATM model is France’s first at-the-market program and lets Capital B raise funds daily with dynamic pricing while avoiding intermediary fees.
- TOBAM’s five funds subscribed fully, with the Bitcoin Enhanced Fund buying 305,000 shares for over €521,000.
- Since launching the ATM model, Capital B has raised €19.7 million without paying fees, making it one of the most efficient capital structures in the market.
- In total, Capital B has secured over €270 million this year from various sources including €150 million in convertible bonds and €125 million in equity placements.
These funds are being used primarily to grow its Bitcoin treasury. Nearly 95% of proceeds from recent convertible bond issuances were designated for Bitcoin purchases.
Explosive Growth in Holdings and Value
The company has grown from 15 BTC in November 2024 to 2,812 BTC by September 2025. That is an 18,647% increase in Bitcoin holdings in less than a year.
- The current holdings were acquired for a total of €262.1 million, with an average purchase price of €93,216 per BTC.
- Capital B’s YTD Bitcoin gain stands at 662.4 BTC, worth about €63.6 million, and its Q3 gain was 502.7 BTC, valued at €48.2 million.
- The YTD yield of 1,656.1% showcases the effectiveness of its accumulation strategy and market timing.
Capital B now holds approximately 0.013% of the total Bitcoin supply and has ambitious plans to reach 1% ownership by 2033.
Leading the Bitcoin Treasury Race in Europe
Capital B has positioned itself as Europe’s first and largest dedicated Bitcoin treasury company. It currently ranks 28th globally among public companies by Bitcoin holdings, behind players like Metaplanet and Sequans Communications. The company’s approach draws inspiration from U.S. counterpart Strategy, which leads the world with 640,031 BTC.
TOBAM, its strategic partner, now owns 5.7% of Capital B’s outstanding shares. This collaboration has not only helped streamline fundraising but also ensured investor alignment over long-term digital asset growth.
CoinLaw’s Takeaway
I think what Capital B is doing is not just bold, but genuinely pioneering for Europe. In my experience watching crypto finance evolve, few firms have moved with such clarity and purpose. Their focus on Bitcoin-first treasury management, paired with smart fundraising mechanisms, is setting a benchmark. They are not just stacking coins but they’re reshaping how corporate balance sheets interact with digital assets. If they stay this disciplined, they could become a model for how to responsibly manage a crypto-focused treasury on the public markets.
