Capital B, a French company, has purchased 13 additional Bitcoin, increasing its treasury holdings to 3,538 BTC. The acquisition was funded by proceeds from a EUR 0.98 million share sale to asset manager TOBAM.
Details of the Purchase
According to the September 28 announcement, Capital B issued 172,978 new shares at an average price of EUR 5.68 each to TOBAM funds between September 14 and September 22. The company raised EUR 982,872.69 and used approximately EUR 0.97 million to acquire 13 BTC. The average share issue price was 3.8% above the closing price on the trading day before the announcement.
CEO’s Strategy
CEO Alexandre Laizet stated in an interview at BTC Prague that Capital B intends to buy Bitcoin “as much as possible, as fast as possible” while seeking terms that increase its holdings per share. He emphasized the company’s long-term holding plan and its reliance on public stock and debt markets for funding, as many large investors cannot buy Bitcoin directly under current regulations.
Treasury Reserve Details
Capital B and its Luxembourg subsidiary reported an acquisition cost of EUR 310.6 million for the 3,538 BTC treasury, averaging EUR 87,805 per BTC. The net asset value was approximately EUR 259.9 million based on the prior trading day’s Bitcoin price. The company also disclosed a 2.20% BTC Yield for 2026 to date, representing the change in Bitcoin held per fully diluted share. Additionally, 61 BTC are held for operational needs, separate from the treasury reserve. Swissquote Bank Europe executed the latest purchase and serves as the sole BTC custodian.