Capital B Boosts Bitcoin Treasury to 2,937 BTC with €0.8M Purchase

Capital B, the listed arm of The Blockchain Group, has confirmed the acquisition of 12 Bitcoin, further expanding its treasury to a total of 2,937 BTC. The company spent €0.8 million on the latest purchase, bringing its aggregate acquisition cost to €270.1 million. According to a note shared with Bitcoin Magazine, the average purchase price per Bitcoin stands at €91,975.

The latest acquisition is part of Capital B’s ongoing Bitcoin Treasury strategy, which has seen a series of transactions since early 2026. Year-to-date, the company reports a BTC yield of 1.57%, alongside a BTC gain of 44.4 BTC and a BTC-denominated gain of €2.9 million. Quarterly figures show a 0.85% yield and a gain of 24.4 BTC.

Last week, Capital B confirmed the purchase of 37 BTC for €2.3 million, at a reference price of €60,892 per coin, as part of its Bitcoin Treasury strategy. Alongside this acquisition, the company completed several financing actions to support its treasury operations.

The firm exercised 16.6 million BSA 2025-01 warrants, converting them into 2.36 million ordinary shares and raising approximately €1.29 million. The warrants expired on April 10, 2026, and any unexercised rights are now void. Capital B also executed a capital increase under its at-the-market agreement with TOBAM, issuing 370,701 new shares at an average price of €0.60, generating €0.22 million. The proceeds from these operations were used to fund the latest Bitcoin acquisition.

Capital B’s Bitcoin Treasury Strategy and Custody

Capital B positions itself as a Bitcoin Treasury Company, with the stated goal of increasing the amount of Bitcoin held per fully diluted share over time. This approach aligns with a growing trend among public companies that allocate capital to Bitcoin as a reserve asset.

Custody and execution for the latest purchase were handled by Swissquote Bank Europe SA, with assets secured through infrastructure provided by Taurus. The company operates subsidiaries focused on data intelligence, artificial intelligence, and decentralized technology consulting. Its shares are traded on Euronext Growth Paris.

The company’s capital structure includes a mix of institutional and public investors, such as Blockstream Capital Partners, TOBAM funds, and other shareholders. Following the latest transactions, total shares outstanding stand at approximately 274.9 million on an ordinary basis and 394.8 million on a fully diluted basis.

Market Context: MicroStrategy’s Latest Bitcoin Acquisition

Earlier today, Strategy (MSTR) added 34,164 BTC for $2.54 billion, marking its third-largest purchase. This acquisition brought its total holdings to 815,061 BTC, acquired at an average cost of about $75,527 per coin. The move propelled Strategy ahead of BlackRock in total Bitcoin holdings, with its position now roughly near break-even as Bitcoin trades around $75,000.

Disclaimer

Bitcoin Magazine is owned by Nakamoto Inc. (NASDAQ: NAKA). Nakamoto Inc. also owns UTXO Management, which invests in Capital B.