Capital B Raises $13.3M By means of Convertible Bonds to Broaden Bitcoin Treasury Technique

French Bitcoin treasury firm Capital B raised €11.5 million ($13.3 million) by a mix of fairness and convertible bonds from TOBAM Bitcoin Alpha Fund to develop its cryptocurrency holdings.

The transaction features a €5 million capital enhance at €2.90 per share and €6.5 million in convertible bonds by its Luxembourg subsidiary, The Blockchain Group Luxembourg SA.

TOBAM Partnership Fuels 2,275% Technique Returns

The funding might enable Capital B to accumulate roughly 160 extra Bitcoin, bringing the potential complete holdings to 2,173 BTC as Europe’s first listed Bitcoin treasury firm.

The convertible bonds carry a five-year maturity with conversion costs starting from €3.66 to €4.75 per share, with 95% of proceeds designated for Bitcoin acquisition.

Capital B’s ALTBG technique part delivered distinctive returns of two,275% from November 2024 to July 2025, vastly outperforming Bitcoin’s 58% achieve throughout the identical interval.

The corporate’s sats per share metric elevated from 15 in November 2024 to 1,933 by July 2025, following a number of capital raises and strategic partnerships.

The deal coincides with accelerating company Bitcoin adoption globally, as MicroStrategy acquired 21,021 BTC for $2.46 billion at $117,256 per coin, bringing complete holdings to 628,791 BTC.

Treasury Technique Focusing on Aggressive BTC Accumulation

Capital B’s convertible bond construction offers flexibility for each the corporate and TOBAM Bitcoin Alpha Fund by dual-tranche issuance. The primary tranche of €6.5 million converts at €3.6557 per share, representing 130% of the July 31 volume-weighted common worth.

A second non-compulsory tranche price €13 million could be exercised inside three months at greater conversion costs designed to make sure a optimistic BTC yield. The conversion charge equals both a 30% premium to the primary tranche worth or a flooring worth to take care of Bitcoin accumulation per diluted share.

TOBAM gained appreciable affect by the transaction, with potential possession reaching 4.47% on a totally diluted foundation. The partnership builds on earlier collaborations, together with OCA B-02 and OCA A-03 agreements that contributed to Capital B’s development trajectory.

The Luxembourg subsidiary construction permits European regulatory compliance whereas sustaining deal with Bitcoin treasury operations.

Zero-coupon bonds present cost-effective financing in comparison with conventional debt devices whereas preserving fairness upside by conversion options.

Capital B’s technique targets Bitcoin-per-share development over dividends or conventional returns.

The corporate tracks sats per share as a key efficiency indicator, measuring Bitcoin accumulation relative to share dilution from capital raises.

Company Bitcoin Wave Accelerates Amid Market Volatility

MicroStrategy launched a $4.2 billion at-the-market fairness program for STRC most well-liked shares following document quarterly efficiency.

Web revenue surged to $2.3 billion, pushed by unrealized Bitcoin features as BTC soared above $110,000 throughout Q2 2025. The corporate additionally raised $10.5 billion in gross proceeds over 4 months by a number of share courses and ATM amenities.

Moreover, Bitcoin holdings valued at roughly $69.4 billion generate substantial balance-sheet appreciation throughout crypto market rallies.

Equally, Metaplanet filed for $3.6 billion in most well-liked inventory funding whereas including 463 Bitcoin to achieve 17,595 complete cash price $1.78 billion.

The Japanese agency achieved 430.2% year-to-date BTC yield by aggressive accumulation funded by fairness issuances and bond redemptions.

European adoption expanded with Smarter Internet Firm surpassing 2,000 Bitcoin holdings after buying 225 BTC for £19.9 million.

The London-listed agency achieved 49,198% year-to-date BTC yield beneath its “10 Yr Plan” treasury technique. Nonetheless, skepticism emerged as Bitcoin ETFs recorded $643 million in web outflows final week, ending a seven-week influx streak.

Maelstrom Fund CIO Arthur Hayes warned Bitcoin might retreat to $100,000 amid macroeconomic headwinds, having trimmed $13.3 million in cryptocurrency holdings.

As well as, VanEck’s Matthew Sigel criticized at-the-market packages that develop into dilutive when inventory costs method Bitcoin’s web asset worth. He portrayed the rising treasury technique as an unsustainable bubble.

Regardless of company treasury sustainability dealing with scrutiny, over 287 corporations now maintain over 3.64 million Bitcoin mixed.

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