Capital B Raises €5M to Expand Its Bitcoin Treasury Strategy

Capital B has announced a capital increase of €5 million to strengthen its Bitcoin Treasury Company strategy. The company, listed on Euronext Growth Paris, continues to expand its focus on Bitcoin. While supporting its subsidiaries in data intelligence, AI, and decentralized technology consulting. The funds were raised through three separate operations. These included an “ATM-type” capital increase agreement with TOBAM. It’s a subscription by Fulgur Ventures and a reserved capital increase fully subscribed by TOBAM Bitcoin Alpha Fund. Combined, these measures give Capital B the means to further increase its Bitcoin holdings.

Details of the Capital Increases

The first operation involved raising €1.8 million under the “ATM-type” program with TOBAM. The company issued 1,019,000 new ordinary shares. With an average subscription price of €1.72 per share. This price represented a slight premium compared with the market close before the announcement. The second operation involved Fulgur Ventures. Which subscribed to 1,250,000 new ordinary shares. The subscription price was €0.544 per share, bringing in around €680,000. 

This action followed earlier adjustments linked to OCA B-01 Tranche 1 holders. It aligns with previously announced agreements. The third and largest part was a reserved capital increase of €2.5 million. It’s fully subscribed by TOBAM Bitcoin Alpha Fund. Capital B issued 1.5 million new shares at €1.69 each. Despite market volatility, this subscription price was close to the previous day’s closing price.

Expanding Bitcoin Holdings

With these fresh funds, Capital B expects to acquire around 60 additional Bitcoins. This would bring its potential total holdings to 2,261 BTC. The company has positioned itself as Europe’s first Bitcoin Treasury Company. Reflects its long-term view of Bitcoin as a key asset in the financial system.

Earlier in August, the company confirmed the acquisition of 126 BTC worth about €12.4 million. This raised its total holdings to 2,201 BTC at that time. It also announced a capital increase of €2.2 million with Adam Back, a well-known figure in the Bitcoin space. These moves highlight the company’s aggressive approach toward building a significant Bitcoin position.

Strategy and Market Position

Capital B’s strategy focuses on increasing Bitcoin per fully diluted share over time. By using both organic operations and capital market tools. The company aims to strengthen its treasury while also growing its consulting and technology businesses. The decision to raise capital through varied instruments demonstrates flexibility. The ATM-type agreement allows incremental fundraising tied to market demand.

While reserved placements with strategic partners secure larger, stable commitments. This mix reduces reliance on a single funding method. The company’s CEO, empowered by shareholder approval in June, executed these increases without requiring a prospectus. This expedited approach provided efficiency while respecting regulatory requirements on Euronext Growth Paris.

Looking Ahead

Capital B’s focus remains clear. It wants to reinforce its role as a Bitcoin Treasury Company. While expanding its influence in the blockchain and AI sectors. The fresh €5 million in capital aligns with its strategy to grow digital assets and corporate operations steadily. In an environment where institutional adoption of Bitcoin is accelerating. Capital B consistent purchases signal confidence in the long-term value of the crypto. 

The company’s actions show a balance between managing shareholder interests and pursuing ambitious growth in the digital economy. As the company integrates this new capital, market watchers will be keen to see whether its holdings and market capitalization grow further.