Capital B, a publicly traded company and a subsidiary of The Blockchain Group, has significantly bolstered its Bitcoin portfolio, purchasing an additional 12 Bitcoin for €0.8 million. This acquisition boosts its total cryptocurrency reserve to an impressive 2,937 BTC, aligning with its ongoing strategy to emphasize digital assets in its financial planning.
How Did Capital B Fund Their Latest Acquisition?
The company’s investment in Bitcoin now totals €270.1 million, with an average cost per BTC of €91,975. Capital B utilized its financial instruments strategically, fully exercising 16.6 million BSA 2025-01 warrants. This action transformed into 2.36 million new shares, raising €1.29 million. The warrants were set to expire by April 10, 2026, after which any unused rights would be nullified.
Moreover, an at-the-market capital increase with TOBAM saw the issuance of 370,701 shares, priced at an average of €0.60 each, resulting in an additional €0.22 million. These funds were channeled directly into acquiring Bitcoin, reflecting a deliberate strategic decision from the company.
What Role Does Capital B Play in Bitcoin Reserves?
Designated as a Bitcoin Treasury Company, Capital B aims to enhance its Bitcoin holdings significantly, a trend that is gaining traction among public enterprises using Bitcoin as a reserve asset. The acquisition was executed through Swissquote Bank Europe SA, with custody provided by Taurus.
Headquartered in France, Capital B is active through several subsidiaries focused on data intelligence, AI, and decentralized technology consulting. Listed on Euronext Growth Paris, it draws investment from both public entities and institutional investors, with key stakeholders like Blockstream Capital Partners and TOBAM.
Recent transactions leave Capital B with a share count of approximately 274.9 million on an ordinary basis and around 394.8 million on a fully diluted basis, reinforcing its robust capital position for continued Bitcoin accumulation.
- Capital B’s total BTC purchase cost stands at €270.1 million.
- The company transformed 16.6 million warrants into new shares, raising €1.29 million.
- Capital B purchased 37 BTC last week for €2.3 million.
- Year-to-date Bitcoin yield reported at 1.57%.
- 24.4 BTC in gains recorded for the second quarter.
As the landscape of Bitcoin treasury holders evolves, Capital B’s strategy mirrors that of other major entities like Strategy, which recently expanded its holdings considerably. Strategy’s acquisition set a new benchmark in the corporate Bitcoin investment domain, underscoring the competitive environment.
Capital B emphasized its ongoing objective to “increase the amount of bitcoin held per fully diluted share,” reflecting a strategy aimed at boosting long-term shareholder value through direct BTC exposure.
