Capital B Expands Bitcoin Holdings to 2,800 BTC After €54.7M Buy

Capital B is listed on Euronext Growth Paris under the ticker ALCPB. It has significantly expanded its Bitcoin position. The company confirmed the purchase of 551 BTC for €54.7 million, bringing its total holdings to 2,800 BTC. The move highlights Capital B’s ongoing strategy to strengthen its role as Europe’s first Bitcoin Treasury Company.

Strengthening the Bitcoin Treasury

The latest acquisition was made possible through two separate capital increases. On August 18, Capital B completed a capital raise at €2.24 per share. This was fully subscribed by Adam Back, the well-known Bitcoin pioneer and CEO of Blockstream. That deal brought in €2.2 million, used to acquire 21 BTC. More recently, on September 16, the company finalized another capital raise at €1.55 per share through an accelerated bookbuilding process. 

This larger funding round brought in €58.1 million, which enabled the purchase of 530 BTC for €52.6 million. Together, the two transactions account for the 551 BTC added to the company’s reserves. As of September 22, Capital B’s total Bitcoin holdings stand at 2,800 BTC. With an acquisition cost of €261 million. The average price per Bitcoin across these purchases is €93,205.

Strong Year-to-Date Performance

Capital B Bitcoin strategy has delivered impressive results so far in 2025. According to company data, the group has achieved a Bitcoin yield of 1,651.2% year-to-date. Along with a quarterly yield of 27.8%. In terms of actual Bitcoin gains, the company added 660.5 BTC since January and 496.3 BTC in the third quarter alone. These gains translate into a total euro-denominated increase of €65.6 million year-to-date and €49.3 million for the quarter. Such performance highlights how the company’s treasury model is not just about holding Bitcoin. But also about actively increasing its Bitcoin per share over time.

A Clear Bitcoin Strategy

Capital B has branded itself as Europe’s first Bitcoin Treasury Company. It aims to accumulate Bitcoin as its core business strategy while also growing its subsidiaries. The firm specializes in data intelligence, artificial intelligence and decentralized technology consulting and development. Alongside these operations, Capital B continues to focus on a clear long-term treasury approach. Increasing the number of Bitcoin held per fully diluted share. 

The company says that any future exercises of share-based instruments. Such as warrants, will be accounted for conservatively in the diluted share base. This means shareholders should not see unexpected dilution from adjustments or new issuances already planned. A detailed presentation outlining Capital B’s Bitcoin strategy is available on its official website.

Expanding Role in Europe

By holding 2,800 BTC, Capital B is solidifying its presence among European companies with significant Bitcoin exposure. At today’s acquisition value, its Bitcoin holdings amount to €261 million. The company’s strategy stands out in Europe. A few publicly listed firms have embraced such a direct Bitcoin accumulation model. Capital B’s approach could make it a reference point for investors seeking exposure to Bitcoin. Also, emerging digital technologies through a regulated European vehicle.

Looking Ahead

Capital B’s strong financial performance this year and its expanding Bitcoin treasury. Which suggests it will continue along its chosen path. By combining traditional fundraising methods with disciplined Bitcoin purchases. The company has shown how it can scale its reserves while balancing shareholder interests. As the market evolves, the firm aims to maintain transparency and consistency in its approach. Currently, the milestone of 2,800 BTC marks another step in Capital B’s growth story. It reinforces its commitment to Bitcoin as a core reserve asset.