Capital B purchases 376 BTC for $29 million, its biggest buy in a year

French bitcoin treasury firm Capital B announced a purchase of 376 BTC for €25.3 million ($29.4 million), the largest bitcoin acquisition the company has made in a year.

Impact on holdings

The new purchase brings Capital B’s total bitcoin holdings to 3,521 BTC, acquired for a cumulative €309.4 million ($359.3 million). This implies an average purchase price of €87,878 ($102,058) per bitcoin.

Funding and ownership

The acquisition was funded by proceeds from recent capital raises, including a €28.7 million ($33.3 million) private placement. An additional €7.6 million ($8.8 million) investment from Adam Back increased his stake to 17.64% on an ordinary basis.

Company background

Originally known as The Blockchain Group, the firm rebranded to Capital B in July 2025 to focus on its bitcoin treasury strategy. In June, Capital B said it was exploring a bitcoin‑backed credit product for the European market.

Market context

Bitcoin’s price was relatively stable, trading around $79,500 on the day of the announcement, after reaching a local high of about $81,700 the previous Thursday.