The French listed company Capital B confirmed its acquisition of 126 Bitcoins (BTC) for ~€12.4 million ($14.4M) on X, increasing its total holdings to 2,201 BTC. The BTC return rate from the beginning of the year to date is 1,519.5%.
As per the press release, the latest acquisition, executed at an average cost basis of €98,746 ($1,14,967.98 ) per BTC, was funded using proceeds from recent capital raises totaling €12.4 million ($14.4M) . Notably, these included €8.7 million ($10.1M) from Peak Hodl Ltd and €5 million ($5.8M) from TOBAM BITCOIN ALPHA FUND. Banque Delubac & Cie, a DASP-registered entity with France’s AMF, facilitated the bitcoin purchases and entrusted custody to Swiss infrastructure leader Taurus.
The strategic acquisitions are part of Capital B’s positioning as Europe’s first Bitcoin Treasury Company, focused on increasing the number of BTC per fully diluted share over time. As of the reporting date, the company boasts a BTC net asset value (NAV) of over €217 million ($252.6M), reflecting its growing treasury strength.
In parallel with its BTC purchases, the Company finalized significant equity conversions. TOBAM converted 1.5 million OCA A-02 into 2.1 million shares, while Fulgur Ventures requested the conversion of 4.76 million OCA B-01 into 8.75 million shares, further expanding the fully diluted share count to 331.2 million.
Capital B continues to beat its self-defined treasury metrics in spite of share dilution. As evidence of the success of its capital allocation approach, the company recorded a BTC Yield of 1,519.5% YTD, a BTC Gain of 607.8 BTC, and a BTC € Gain of more than €60 million ($69.8M).
With this move, Capital B deepens its commitment to bitcoin accumulation, leveraging equity financing and strategic partnerships to enhance shareholder BTC exposure, even amid a volatile crypto landscape.
Also Read: Five Years Since Strategy Started Buying Bitcoin, Share Up 2,600% Since
