Capital B, the Paris-listed Bitcoin Treasury Firm previously generally known as The Blockchain Group, has accomplished the acquisition of 192 bitcoin for €13.0 million, bringing its whole holdings to three,135 BTC — one of many largest bitcoin reserves held by a European public firm.
The acquisition, introduced Could 18, 2026, was funded via three capital raises that collectively generated €17.15 million. The raises included a €0.85 million placement beneath an “at-the-market” (ATM) settlement with TOBAM, a €1.1 million warrant issuance subscribed by cypherpunk and Blockstream CEO Adam Again, and a €15.2 million non-public placement of shares with hooked up subscription warrants (ABSA) at €0.66 per unit, positioned with a bunch of world institutional buyers.
The 192 BTC have been bought at a median value of €67,866 per bitcoin, based on a word shared with Bitcoin Journal. The corporate’s whole bitcoin stack now carries an combination acquisition worth of €283.6 million, reflecting a median value foundation of €90,451 per coin. The acquisition was executed via Swissquote Financial institution Europe SA, a Luxembourg-registered digital asset service supplier, with custody dealt with through the Swiss agency Taurus.
Capital B’s bitcoin yield
Capital B tracks a proprietary efficiency metric known as “BTC Yield” — a measure of bitcoin accumulation per absolutely diluted share — to evaluate the effectivity of its treasury technique. 12 months-to-date, the corporate has recorded a BTC Yield of 1.82%, a BTC Acquire of 51.3 BTC, and a BTC Euro Acquire of €3.5 million. For the reason that begin of the second quarter, these figures stand at 1.09%, 31.4 BTC, and €2.1 million.
The non-public placement carried a warrant construction with three tranches, every with a five-year maturity. Warrant 2026-03 carries an train worth of €0.86, Warrant 2026-04 at €1.12, and Warrant 2026-05 at €1.46 — every set at 130% of the prior tranche’s train worth. If all warrants have been exercised, the transaction would generate an extra €99.1 million in capital for the corporate. Maxim Group LLC served as lead placement agent, with Marex S.A. as co-manager.
The capital desk following the transaction exhibits Adam Again holding 13.37% of abnormal shares and 10.00% on a diluted foundation, whereas Blockstream Capital Companions holds 14.36% on an abnormal foundation however 35.90% on a diluted foundation — reflecting its giant warrant place. TOBAM holds 4.52% of abnormal shares. On a complete foundation, the corporate has 300,265,812 shares excellent, with a possible diluted depend of 420,859,061.
Capital B trades on Euronext Progress Paris beneath the ticker ALCPB, with U.S. OTC buying and selling beneath CPTLF. The corporate’s bitcoin treasury technique facilities on a single said goal: rising the variety of bitcoin held per absolutely diluted share over time.
Earlier right now, Technique mentioned they bought 24,869 BTC for about $2.01 billion final week, bringing its whole holdings to 843,738 BTC at a median value of roughly $75,700 per coin and reinforcing its place as the biggest company bitcoin holder.
The purchase marks a pointy acceleration in accumulation, funded partially via most popular fairness and ATM choices, as the corporate continues to prioritize bitcoin per-share development whereas signaling it stays a web accumulator regardless of restricted flexibility to promote if wanted.