Capital B has expanded its Bitcoin treasury holdings to 3,139 BTC after acquiring an additional 4 BTC through proceeds raised under its ongoing capital increase program with TOBAM.
Key Takeaways
- Capital B acquired 4 BTC for approximately €0.26 million.
- The company’s total Bitcoin holdings have increased to 3,139 BTC.
- Capital B completed a €242,825.71 capital increase through the issuance of 384,820 new shares.
- The company reported a BTC Yield of 1.85% year to date and a BTC Gain of 52.2 BTC.
What Happened?
French publicly traded company Capital B, formerly known as The Blockchain Group, announced the completion of a new Bitcoin purchase that increased its treasury holdings to 3,139 BTC. The acquisition was funded through proceeds generated from the company’s latest capital increase conducted under its ATM agreement with investment manager TOBAM.
The company said the purchase aligns with its long term Bitcoin Treasury Company strategy, which focuses on increasing the amount of Bitcoin held per fully diluted share over time.
🟠 Capital B confirms the acquisition of 4 BTC for €0.26 million, the holding of a total of 3,139 BTC, and a BTC Yield of 1.85% YTD⚡️
— Capital B (@_ALCPB) June 1, 2026
Full Press Release (EN): https://t.co/O9YcHz6wP7
Full Press Release (FR): https://t.co/4Ick1kaMm0
BTC Strategy (EN): https://t.co/P5j3GA7Ea1 pic.twitter.com/kHGX8aS8Q8
Capital Raise Supports Latest Bitcoin Purchase
Capital B confirmed the final completion of capital increases totaling €242,825.71, including share premium, through the issuance of 384,820 new ordinary shares at an average subscription price of €0.63 per share.
The fundraising was carried out under the company’s ATM style capital increase agreement with TOBAM. According to the company, the average subscription price represented a 16.8% premium compared with the closing share price on the trading day before the announcement.
The newly raised funds were used to acquire 4 BTC at a cost of approximately €0.26 million, further expanding the company’s Bitcoin reserve.
Bitcoin Holdings Continue to Grow
Following the latest acquisition, Capital B and its subsidiary Capital B Luxembourg SA now hold a total of 3,139 BTC.
The company reported that the Bitcoin treasury has an aggregate acquisition value of approximately €283.8 million, with an average acquisition cost of €90,418 per Bitcoin.
The latest purchase continues a steady accumulation strategy that has seen the company significantly increase its Bitcoin exposure over the past two years. Since November 2024, Capital B has grown its holdings from just 15 BTC to more than 3,100 BTC.
Swissquote Bank Europe SA executed the latest Bitcoin acquisition and was entrusted with custody services through the infrastructure provided by Swiss technology company Taurus.
Capital B Reports Strong Bitcoin Performance Metrics
Alongside the latest purchase, Capital B highlighted several key performance indicators tied to its Bitcoin treasury strategy.
The company reported:
- BTC Yield: 1.85% year to date and 1.12% quarter to date.
- BTC Gain: 52.2 BTC year to date and 32.4 BTC quarter to date.
- BTC € Gain: €3.3 million year to date and €2.0 million quarter to date.
According to Capital B, these metrics are designed to measure how effectively the company increases Bitcoin ownership relative to its share count.
The company also disclosed that its Bitcoin holdings equate to approximately 734.3 satoshis per fully diluted share, reflecting continued growth in Bitcoin exposure for shareholders.
Bitcoin Treasury Strategy Remains Core Focus
Capital B has positioned itself as Europe’s first Bitcoin Treasury Company, combining Bitcoin accumulation with operations in data intelligence, artificial intelligence, decentralized technologies, and corporate treasury management.
Management continues to prioritize expanding the company’s Bitcoin reserves through a mix of capital market activities and strategic treasury allocation. The goal is to increase Bitcoin ownership on a per share basis while maintaining access to financing opportunities through public markets.
The latest purchase, while relatively small compared with previous acquisitions, demonstrates the company’s ongoing commitment to accumulating Bitcoin and strengthening its treasury position.
CoinLaw’s Takeaway
In my experience, the most important part of this announcement is not the size of the latest 4 BTC purchase but the consistency behind Capital B’s strategy. I found that companies building dedicated Bitcoin treasury models often focus on long term accumulation rather than short term market moves.
Capital B’s growth from 15 BTC in late 2024 to 3,139 BTC today shows a clear commitment to that approach. The company’s continued use of capital markets to expand its Bitcoin reserve also highlights how publicly traded firms are increasingly treating Bitcoin as a strategic treasury asset rather than a speculative investment.
