Capital B has significantly increased its Bitcoin reserves, acquiring 376 BTC for €25.3 million and pushing its total Bitcoin holdings to 3,521 BTC. The purchase reinforces the French company’s strategy of building Bitcoin as a core corporate treasury asset.
A Bigger Bitcoin Bet
Capital B says the latest purchase brings its total Bitcoin acquisition cost to approximately €309.4 million, with an average acquisition cost of €87,878 per BTC.
The company also reported a 2.17% BTC Yield year-to-date, alongside a BTC Gain of 61.3 BTC.
Where Did the Money Come From?
The acquisition followed fresh capital raising:
- €28.7 million raised through a private placement
- €1.44 million completed through an ATM capital increase
- Strategic investors included Adam Back and TOBAM
- Part of the proceeds was used to acquire the additional Bitcoin.
Capital B's Bitcoin Strategy
The company is positioning itself as a Bitcoin Treasury Company, with the objective of increasing the amount of Bitcoin held per fully diluted share over time.
The latest purchase is particularly notable because Capital B added more than 11% to its strategic Bitcoin holdings in a single transaction.
The Risk
Buying more Bitcoin increases potential upside if BTC rises, but it also increases exposure to Bitcoin's price volatility. Capital B itself notes that its stock can trade at either a premium or discount to the value of the Bitcoin it holds.
Bottom Line
Capital B is turning Bitcoin accumulation into a core corporate strategy.
376 BTC purchased → 3,521 BTC total → €309.4M acquisition cost
The move adds to the growing trend of companies using their balance sheets to build strategic Bitcoin reserves.
Frequently Asked Questions
How much Bitcoin did Capital B buy?
Capital B purchased 376 BTC for €25.3 million, taking its strategic Bitcoin holdings to 3,521 BTC.
What was the average price of the latest purchase?
The latest 376 BTC were acquired at roughly €67,182 per Bitcoin, below Capital B’s overall average acquisition cost of €87,878 per BTC.
How much has Capital B invested in Bitcoin overall?
Its 3,521 BTC position carries an aggregate acquisition cost of approximately €309.4 million
Why is Capital B buying so much Bitcoin?
The company is pursuing a Bitcoin treasury strategy, aiming to increase the amount of BTC held per fully diluted share. The latest purchase was funded following recent capital raises.
What does this mean for Bitcoin investors?
Corporate accumulation can signal strong institutional and treasury demand, but it does not guarantee higher BTC prices. Capital B also becomes more exposed to Bitcoin's price volatility.
