Key Highlights
- Capital B bought 6 BTC for €0.3M via ATM raise with TOBAM, lifting total to 2,834 BTC at an average cost of €93,083 (well below current ~€58K market price).
- The firm added 11.3 BTC so far in 2026 through equity-funded purchases, delivering 0.2% BTC Yield and roughly €300K gain in euro terms on its treasury.
- ALCPB shares trade near €0.60, a 90% drop from the €5.96 all-time high in June 2025, despite ongoing Bitcoin accumulation since November 2024.
Capital B, the Paris-listed firm that bills itself as Europe’s first Bitcoin (BTC) treasury company, has added another small batch to its BTC reserves.
As per the official announcement, the firm acquired 6 BTC for €0.3 million (approximately $356K) on February 16. This adds to the company’s total portfolio of over 2,834 BTC, worth roughly €165 million or $195.8 million, as per current BTC market price.
The fresh acquisition came via an “at-the-market” (ATM) capital increase program with asset manager TOBAM, raising roughly €400,000 at €0.67 per share. After costs, the net proceeds went straight into Bitcoin at an average price of €55,270 per coin.
Capital B’s strategy echoes approaches taken by larger players like MicroStrategy in the United States. But Capital B stands out in Europe as the first publicly listed company to openly brand itself this way, blending its core business in data intelligence, AI consulting, and decentralized tech.
Capital B’s Bitcoin acquisition and market performance
Trading under the ticker ALCPB on Euronext Growth Paris, Capital B reported a year-to-date “BTC Yield” of 0.2%, a metric tracking the growth in Bitcoin per fully diluted share from equity-funded buys. Earlier this month, the firm had accumulated 5.3 BTC through similar moves, generating a modest €300,000 gain in euro terms on its treasury holdings.
Compared to industry standard, Capital B’s holdings differ as significantly low, especially against Strategy and Marathon Digital, but the firm’s euro-based operations makes it one of the largest in the region.
Shares in Capital B (ALCPB) have shown mixed performance in recent years, peaking at an all-time high of €5.96 in mid-June 2025, coinciding with the jump in Bitcoin price at the time. However, the stock has now dropped roughly 90% from that peak, to trading near €0.592—as per latest market data.
The firm began buying BTC in November 2024, and since then the firm has executed 21 purchases at different price levels. Its largest purchase was marked on June 2, 2025 when it acquired 624 BTC for approximately €60 million.
As of latest data, the company’s overall average acquisition cost, which is €93,083 per BTC, remains well below the current market price. At the time of publishing, BTC price traded near €57,982, as per CoinMarketCap data.
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