French publicly traded company Capital B disclosed that it has purchased 376 bitcoins using proceeds from its recent financing, at a total transaction value of €25.3 million, with an average purchase price of approximately €67,200 per bitcoin. After completing this transaction, the company’s strategic bitcoin holdings increased to 3,521 bitcoins.
After financing is completed, proceed with buying cryptocurrency.
This purchase corresponds to the company’s previously disclosed financing arrangements. Capital B stated that the related funds primarily came from two private placements to institutional investors and an existing capital increase agreement with the asset management firm TOBAM.
Among these, the company previously raised €28.7 million through a private placement, with participants including Adam Back and TOBAM. An additional €1.44 million was raised through an ATM-like agreement, during which the company issued 2.8 million ordinary shares at an average subscription price of approximately €0.51.
Strategic holdings increased to 3,521 tokens.
The company stated that the purchase was executed by Swissquote Bank Europe, the acquired bitcoins were obtained through a virtual asset service provider registered in Luxembourg, and the custody technology was provided by the Swiss digital asset infrastructure company Taurus.
According to the disclosed figures, Capital B's strategic Bitcoin reserve has accumulated a total purchase cost of €309.4 million, corresponding to an average holding cost of approximately €879,000 per Bitcoin. Based on the Bitcoin closing price on the trading day prior to the September 7 announcement, the valuation of this reserve is approximately €240.8 million.
In addition to its strategic reserves, the company holds 61 bitcoins for operational needs. These assets are managed separately from the strategic reserves and are not included in the company’s treasury performance metrics.
The annual BTC yield is 2.17%.
Capital B also disclosed the performance of its Bitcoin treasury this year:
- BTC Yield is 2.17%
- BTC Gain is 61.3 BTC
- BTC euro gain is approximately €4.19 million
For the current quarter, the company reports a BTC yield of 0.31%, a BTC gain of 9.9 bitcoins, and a BTC € gain of €675,000.
Warrants may bring additional funding.
The company also stated that if all 197.6 million warrants issued in the two completed private placements are exercised under the terms prior to the split, they could generate up to an additional €185.25 million.
Among these, the Warrants 2026-06, 2026-07, and 2026-08 correspond to potential fundraising amounts of approximately €74.1 million, €48.41 million, and €62.74 million, respectively. Additionally, it has been disclosed that the company’s reverse stock split will take effect on September 8.
Additional information: Prior to this purchase, Capital B’s strategic Bitcoin holding was 3,145 BTC; after this increase, the holding size has risen by nearly 12% compared to the level on August 17.