Capital B, the Paris-listed Bitcoin Treasury Firm previously often called The Blockchain Group, has accomplished the acquisition of 192 bitcoin for €13.0 million, bringing its complete holdings to three,135 BTC — one of many largest bitcoin reserves held by a European public firm.
The acquisition, introduced Might 18, 2026, was funded by way of three capital raises that collectively generated €17.15 million. The raises included a €0.85 million placement below an “at-the-market” (ATM) settlement with TOBAM, a €1.1 million warrant issuance subscribed by cypherpunk and Blockstream CEO Adam Again, and a €15.2 million non-public placement of shares with connected subscription warrants (ABSA) at €0.66 per unit, positioned with a gaggle of world institutional buyers.
The 192 BTC have been bought at a median value of €67,866 per bitcoin, in accordance with a be aware shared with Bitcoin Journal. The corporate’s complete bitcoin stack now carries an combination acquisition worth of €283.6 million, reflecting a median value foundation of €90,451 per coin. The acquisition was executed by way of Swissquote Financial institution Europe SA, a Luxembourg-registered digital asset service supplier, with custody dealt with by way of the Swiss agency Taurus.
Capital B’s bitcoin yield
Capital B tracks a proprietary efficiency metric known as “BTC Yield” — a measure of bitcoin accumulation per absolutely diluted share — to evaluate the effectivity of its treasury technique. Yr-to-date, the corporate has recorded a BTC Yield of 1.82%, a BTC Achieve of 51.3 BTC, and a BTC Euro Achieve of €3.5 million. Because the begin of the second quarter, these figures stand at 1.09%, 31.4 BTC, and €2.1 million.
The non-public placement carried a warrant construction with three tranches, every with a five-year maturity. Warrant 2026-03 carries an train value of €0.86, Warrant 2026-04 at €1.12, and Warrant 2026-05 at €1.46 — every set at 130% of the prior tranche’s train value. If all warrants have been exercised, the transaction would generate an extra €99.1 million in capital for the corporate. Maxim Group LLC served as lead placement agent, with Marex S.A. as co-manager.
The capital desk following the transaction exhibits Adam Again holding 13.37% of atypical shares and 10.00% on a diluted foundation, whereas Blockstream Capital Companions holds 14.36% on an atypical foundation however 35.90% on a diluted foundation — reflecting its massive warrant place. TOBAM holds 4.52% of atypical shares. On a complete foundation, the corporate has 300,265,812 shares excellent, with a possible diluted rely of 420,859,061.
Capital B trades on Euronext Development Paris below the ticker ALCPB, with U.S. OTC buying and selling below CPTLF. The corporate’s bitcoin treasury technique facilities on a single said goal: rising the variety of bitcoin held per absolutely diluted share over time.
Earlier at the moment, Technique mentioned they bought 24,869 BTC for about $2.01 billion final week, bringing its complete holdings to 843,738 BTC at a median value of roughly $75,700 per coin and reinforcing its place as the most important company bitcoin holder.
The purchase marks a pointy acceleration in accumulation, funded partially by way of most well-liked fairness and ATM choices, as the corporate continues to prioritize bitcoin per-share progress whereas signaling it stays a internet accumulator regardless of restricted flexibility to promote if wanted.
