Capital B boosts Bitcoin reserve to 3,521 BTC after €25.3 million purchase

Capital B, the French‑listed crypto‑investment firm, completed the purchase of 376 Bitcoin for €25.3 million, bringing its strategic Bitcoin reserve to 3,521 BTC. The acquisition was funded by recent private placements and a capital increase that together raised almost €30.1 million.

Financing details

The company closed €28.7 million in private placements with institutional investors, including Adam Back and asset manager TOBAM. Shares were issued at €0.58 each, accompanied by four subscription warrants per unit. An additional €1.44 million capital increase under an ATM‑type agreement with TOBAM also contributed to the funding.

Purchase specifics

The 376 BTC were bought at an average price of €67,182 per coin, using proceeds from the financing operations. This transaction raises Capital B’s strategic holdings by nearly 12 % from the August 17 level.

Reserve valuation and performance

The total strategic reserve now carries a cost basis of €309.4 million, averaging €87,878 per Bitcoin. Based on the closing price on the day before the announcement, the reserve is valued at approximately €240.8 million. Capital B reported a year‑to‑date BTC Yield of 2.17 % and a BTC Gain of 61.3 BTC (about €4.19 million).

Operational and custodial arrangements

Swissquote Bank Europe executed the purchase, while custody is provided by Taurus, a Swiss digital‑asset infrastructure provider. An additional 61 BTC are set aside for operational needs and are excluded from treasury performance metrics.

Corporate actions

The acquisition was completed one day before a 10‑for‑1 reverse stock split takes effect on September 8, adjusting the conversion terms of outstanding convertible bonds and warrants.