Capital B has acquired 12 extra Bitcoin (BTC) for €1.2 million, bringing the European firm’s whole holdings to 2,812 BTC price over $314 million as of September 29.
The Euronext Progress Paris-listed agency achieved the acquisition via a capital improve with strategic companion TOBAM, sustaining a median acquisition value of €93,216 ($108,800) per Bitcoin.
Capital ₿ has acquired 12 BTC for €1.2 million at €95,935 per bitcoin and has achieved BTC Yield of 1,656.1% YTD, 28.1% QTD. As of 9/29/2025, $ALCPB holds 2,812 $BTC for €262.1 million at €93,216 per bitcoin
@_ALCPB Europe's First Bitcoin Treasury Firm
— Alexandre Laizet
Europe’s Largest Bitcoin Treasury Posts 1,656% Annual Yield
The transaction marks the most recent growth within the firm’s aggressive accumulation technique, which has generated a 1,656.1% year-to-date BTC yield and made Capital B Europe the biggest publicly traded Bitcoin treasury firm.
The French agency has grown from holding simply 15 Bitcoin in November 2024 to accumulating 2,812 BTC over the course of ten months, an 18,647% improve in holdings.
Capital B now ranks twenty eighth globally amongst public firms holding Bitcoin, trailing Asian competitor Metaplanet’s 25,555 BTC, and Sequans Communications’ 3,205 BTC.
The corporate’s technique adopted the method pioneered by U.S.-based Technique, which holds 640,031 Bitcoin after buying 196 BTC for about $22.1 million at a median worth of $113,048 per coin right this moment.
Bitcoin treasuries’ fast progress has attracted vital institutional backing, with the Los Angeles-based Capital Group, a $2.6 trillion asset supervisor, just lately taking an 11.45% stake in Metaplanet, valued at almost $500 million.
TOBAM, a French asset administration agency, has emerged as Capital B’s main strategic companion, collaborating in a number of capital raises all through 2025 and now holding 5.70% of the corporate’s excellent shares.
ATM Program Drives Zero-Payment Capital Formation
Capital B accomplished its newest acquisition via an “ATM-type” capital improve program with TOBAM, issuing 706,000 new bizarre shares at €1.70 ($1.99) per share.
This system represents France’s first at-the-market providing construction, permitting day by day subscription requests with dynamic pricing that protects shareholder worth.
TOBAM’s 5 funds collectively subscribed to all the providing, with the Bitcoin Enhanced Fund buying 305,000 shares for €521,197 ($608,423) and 4 extra funds taking smaller positions.
The ATM mechanism has confirmed extremely environment friendly, producing €19.7 million ($22.99M) in capital with out middleman charges since launch.
The construction units subscription costs on the highest of three benchmarks. Yesterday’s closing worth, the day gone by’s volume-weighted common worth, or the 20-day common VWAP, discounted by 15%.
This method has allowed Capital B to lift capital extra accretively than conventional fairness choices whereas sustaining alignment with long-term buyers.
Capital B has now raised over €270 million ($315M) via numerous financing devices in 2025, together with €150 million ($175M) in convertible bonds and €125 million ($145.9M) in fairness placements.
The corporate maintains €10 billion ($11.67B) in licensed capital elevating capability, with €300 million ($350M) particularly allotted for TOBAM-led ATM transactions.
Notably, Capital B’s convertible bond program presents buyers zero-coupon, five-year devices with conversion costs at 30% premiums to present share costs.
The construction permits bondholders to transform into fairness when the corporate outperforms conversion thresholds, whereas sustaining Bitcoin-denominated debt that eliminates credit score danger.
The corporate has issued convertible bonds price €13 million ($15.2M) to TOBAM and €6.5 million ($7.6M) via its Luxembourg subsidiary, with proceeds designated 95% for Bitcoin purchases.
European Bitcoin Treasury Market Positive factors Momentum
The newest buy follows Capital B’s acquisition of 551 Bitcoin on September 22 and 48 Bitcoin on September 15.
The corporate has been buying a median of 8.7 Bitcoin day by day since adopting its treasury technique, with the speed rising twelve-fold year-to-date.
Capital B’s whole holdings now characterize roughly 0.013% of Bitcoin’s whole provide of 21 million, with administration concentrating on 1% possession by 2033.
Past Capital B, the European Bitcoin treasury sector is increasing as firms search to duplicate the success of U.S. and Asian pioneers.
UK-listed B HODL just lately bought 100 Bitcoin price $11.3 million instantly after its September debut on London’s Aquis Inventory Change, elevating £15.3 million at itemizing.
In the meantime, Sora Ventures launched a $200 million Bitcoin treasury fund at Taipei Blockchain Week, concentrating on $1 billion in acquisitions inside six months to assist Asian firms, together with Metaplanet, Moon Inc., DV8, and BitPlanet.
For Capital B, the corporate’s financing buildings enable it to amass Bitcoin whereas minimizing shareholder dilution and sustaining a debt-free stability sheet, with a deal with long-term accumulation over conventional monetary returns.
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