Capital B Acquires 192 BTC for $15.2M, Expands Bitcoin Treasury to 3,135 BTC

Capital B bought 192 BTC for €13 million on Monday, expanding its Bitcoin treasury after new capital raises. The France-listed company said the purchase lifted total holdings to 3,135 BTC and followed its latest fundraising plan, announced last week.

According to the report, the company said that it raised approximately €17.15 million through three separate capital increases. That amount was equal to nearly $20 million. Under its stated treasury strategy, Capital B said the funds were used to buy the bitcoins.

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Capital B Bitcoin Treasury Reaches 3,135 BTC

Following the new agreement, Capital B now has a total stake of 3,135 BTC. The company said it has created a Bitcoin treasury that costs approximately $330 million to purchase. That implies an average acquisition price of $105,270 per Bitcoin.

Most of the funding came through a private placement. Capital B reported it raised almost €15.2 million from over 23 million ABSA shares. Each share was issued with four attached share subscription warrants.

The company also announced two smaller rounds of financing. It raised €850,000 under a capital increase agreement with TOBAM on an ATM basis. Another €1.1 million was raised through share subscription warrants subscribed to by Back.

Capital B’s latest purchase came as other public companies also added Bitcoin. Strategy, the largest publicly traded holder, announced a $43 million purchase last Monday. On May 4, Strive purchased $33 million worth of BTC. The Smarter Web Company also bought $4.9 million worth of Bitcoins.

The activity demonstrates that some public companies are still in favor of the Bitcoin treasury approach. The strategy is still vulnerable to price fluctuations. Bitcoin remains below the all-time high it recorded in October 2025.

Capital B Ranks as Europe’s Second-Largest BTC Holder

Capital B shares fell after the announcement. The price fell by 2.4% on Monday and currently sits at around €0.61. Yahoo Finance data shows that the shares are down 18% year to date.

Capital B shares have lost more than 68.57% over the past year. The fall shows that the company’s market performance remains weak despite its growing Bitcoin treasury position.

As per BitcoinTreasuries’ data, Capital B is the 25th largest listed holder of Bitcoin by reserves. It is also the second largest Bitcoin treasury firm in Europe. 

Other companies are taking steps to limit balance sheet risk from Bitcoin exposure. Nasdaq-listed Nakamoto announced an actively managed Bitcoin derivatives program on April 24. The program is designed to generate consistent income from volatility and to offset some of the risk in the corporate portfolio.

Nakamoto also reported a Bitcoin sale in a March 30 filing. The company said it sold 284 BTC, worth about $20 million at the time. In February, Genius Group sold its remaining 84 BTC for about $5.7 million to repay an $8.5 million debt obligation.

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