French-listed Capital B has completed a €25.3 million Bitcoin purchase, acquiring 376 BTC at an average price of €67,182 per Bitcoin. The transaction lifts the company’s strategic Bitcoin reserve to 3,521 BTC, according to a September 7 press release.
The purchase was funded by recently completed capital raises totaling nearly €30.1 million. That includes €28.7 million in private placements involving institutional investors Adam Back and TOBAM, plus a €1.44 million capital increase under an ATM-type agreement with TOBAM.
The new acquisition is Capital B’s largest single Bitcoin purchase since it bought 624 BTC in June 2025. The strategic reserve stood at 2,828 BTC in February, rose to 3,139 BTC by June, and reached 3,145 BTC by August 17 after small purchases. The 376 BTC buy therefore increases holdings by roughly 12% from that level.
Capital B’s total BTC reserve now has an aggregate acquisition cost of €309.4 million, equivalent to an average purchase price of €87,878 per coin. The company valued the reserve at about €240.8 million based on Bitcoin’s closing price before the announcement.
Swissquote Bank Europe executed the purchase, while custody was handled through technology supplied by Taurus. Capital B keeps an additional 61 BTC for operational needs, segregated from its strategic reserve.
The company reported a year-to-date BTC Yield of 2.17%, up from 2.14% on August 17 and 1.85% on June 1, and a year-to-date BTC Gain of 61.3 BTC. For the current quarter, BTC Yield was 0.31% and BTC Gain was 9.9 BTC.
The financing coincided with a scheduled 10-for-1 reverse stock split effective September 8. Under the consolidation, warrants from the private placements were adjusted, with exercise prices set at €7.50, €9.80 and €12.70 for the different tranches.
