Capital B shareholders have overwhelmingly approved a financing framework that authorizes up to €100 billion (~$107.15 billion) in credit instruments and €5 billion (~$5.36 billion) in capital increases to support the company’s Bitcoin treasury strategy.
All resolutions passed with more than 95% support at the Annual Ordinary and Extraordinary General Meeting on June 17. The Paris-listed company, formerly known as The Blockchain Group, stated that shareholders representing 164,555,315 voting rights participated — accounting for 54.748% of the 300,564,232 outstanding voting rights.
The approved equity authorization could represent as many as 125 billion shares based on the current nominal value of €0.04 per share. The board now has wide authority to fund future Bitcoin purchases as part of a strategy focused on increasing Bitcoin held per fully diluted share over time.
Alexandre Laizet, Capital B’s board director of Bitcoin Strategy, initiated the vote on June 2, citing the need for additional flexibility. The company had already raised approximately $325 million and held 3,139 BTC after a series of recent acquisitions, including a €15.2 million private placement backed by Blockstream CEO Adam Back and asset manager TOBAM.
Shareholders also approved renaming the entity from The Blockchain Group to Capital B, aligning the corporate name with the commercial brand adopted in July 2025. The approval follows Laizet’s disclosure of plans for a Bitcoin-backed digital credit product targeting European investors, inspired by instruments from Strategy and Strive.
Capital B has set ambitious targets: holding 15,000 BTC by end of 2027 and accumulating 1% of Bitcoin’s total supply by 2033.
