Public companies with Bitcoin treasury strategies continued to accumulate despite unrealized losses. Capital B, Europe’s first Bitcoin treasury company, disclosed it purchased 13 BTC for €0.97 million at an average price of €74,364 per coin, below its overall cost basis of €87,805. The firm now holds 3,538 BTC acquired for €310.6 million, with an unrealized loss of roughly €50.8 million, or about $57.7 million.
Bitcoin Strategy Director Alexandre Laizet said the purchase was funded through an at-the-market agreement with TOBAM, which supplied about €0.98 million through newly issued shares. Capital B reported a BTC Yield of 2.20% year to date and 0.34% quarter to date, indicating that recent capital raises have expanded Bitcoin exposure per fully diluted share. The company had previously bought 376 BTC earlier in September, its largest purchase of 2026, and also received €7.6 million from Adam Back this month.
Meanwhile, Dallas-based asset manager Strive bought 1,107 BTC for about $94.5 million between September 21 and September 25, paying an average of $85,396 per coin including fees, according to a Form 8-K filed with the SEC. Its total holdings reached 27,462 BTC, worth about $2.3 billion at Friday’s closing price of $83,943. CEO Matt Cole said warrant exercises generated another $12.4 million, and that 85% of total capital raised came from SATA, Strive’s variable-rate perpetual preferred stock.
Strive remains the fifth-largest public Bitcoin holder, behind Strategy, Twenty One Capital, Metaplanet and MARA. To catch Twenty One Capital’s 43,514 BTC by year-end, Strive would need about 16,050 more coins, or roughly 1,235 BTC per week. Rival treasury firms also reported purchases Monday: Strategy added 1,665 BTC for $142.7 million, pushing its holdings to 847,666 BTC, while Tom Lee’s Bitmine disclosed a 17,362 ETH purchase worth about $47 million.
