Capital B Adds 13 Bitcoin to Treasury After €983,000 Share Sale

Capital B added 13 Bitcoin (BTC) to its strategic treasury after raising €982,872.69 through a share sale, bringing its holdings to 3,538 BTC as the French company expands its Bitcoin-per-share strategy.

The purchase was completed Monday, Sept. 28, for €0.97 million. Capital B issued 172,978 new ordinary shares at an average rounded price of €5.68 each. The shares were subscribed by TOBAM Bitcoin Enhanced Fund, TOBAM Bitcoin Alpha Fund and TOBAM Bitcoin Treasury Opportunities Fund.

The new shares will be admitted to trading on Euronext Growth Paris. The transaction was conducted under an ATM-style capital-increase agreement with TOBAM that was renewed Jan. 26, 2026.

Capital B and Capital B Luxembourg SA held 3,538 BTC with an aggregate acquisition value of €310.6 million and an average cost of €87,805 per BTC as of Sept. 28. The €310.6 million figure is the aggregate acquisition value; the release separately reported net asset value of €259.9 million.

The company’s stated strategy is to increase the amount of Bitcoin represented by each fully diluted share over time. Capital B reported a BTC Yield of 2.20% year to date and 0.34% quarter to date. The measure tracks the percentage change in Bitcoin holdings relative to fully diluted shares.

The year-to-date calculation used 38,467,809 issued common shares and 48,014,921 fully diluted shares. Capital B also reported a BTC Gain of 62.1 BTC and a BTC € Gain of €4.6 million since the beginning of the year.

Separately, Capital B held 61 BTC for operational needs and excluded those coins from its strategic treasury indicators. Swissquote Bank Europe executed the purchase and remains the company’s sole custodian, using custody technology from Taurus.

The transaction extends Capital B’s capital-market financing strategy for Bitcoin accumulation, which includes equity offerings, warrants and other financing tools.