French listed company Capital B disclosed that it has used funds from recent financing to purchase 376 bitcoins, with a transaction amount of 25.3 million euros, and an average purchase price of approximately 67,200 euros per bitcoin. After completing this transaction, the company's strategic bitcoin holdings increased to 3,521 coins.
After financing is completed, proceed to buy coins.
This purchase corresponds to the financing arrangements previously disclosed by the company. Capital B indicates that the relevant funds mainly come from two private placements aimed at institutional investors, as well as an existing capital increase agreement with the asset management institution TOBAM.
Among these, the company had previously raised 28.7 million euros through a private placement, with participants including Adam Back and TOBAM. Another capital increase of 1.44 million euros was completed through an agreement similar to ATM, in which the company issued 2.8 million ordinary shares at an average subscription price of about 0.51 euros each.
Strategic holdings increased to 3,521
The company stated that this purchase was executed by Swissquote Bank Europe, and the acquired bitcoins were obtained through a virtual asset service provider registered in Luxembourg, while the custody technology was provided by Swiss digital asset infrastructure company Taurus.
According to the disclosed information, the cumulative purchase cost of Capital B's strategic Bitcoin reserves has reached 309.4 million euros, with an average holding cost of approximately 87,900 euros per coin. Based on the closing price of Bitcoin on the trading day before the announcement on September 7th, the value of this reserve is estimated at around 240.8 million euros.
In addition to strategic reserves, the company holds an additional 61 bitcoins for operational needs. This portion of assets is managed separately from the strategic reserves and is not included in the company's treasury performance indicators.
Within the year, BTC Yield was 2.17%.
Capital B also disclosed the performance of the Bitcoin treasury for the year:
- BTC Yield is 2.17%
- BTC Gain is 61.3 Bitcoins.
- BTC € Gain Approximately 4.19 million euros
Calculated for the current quarter, the company states that BTC Yield is 0.31%, BTC Gain is 9.9 bitcoins, and BTC €Gain is 675,000 euros.
Warrants or subsequent capital inflow
The company also stated that if all 197.6 million warrants issued in the two completed private placements are exercised under the terms prior to the stock split, it could subsequently generate an additional maximum of 185.25 million euros in funds.
Among them, Warrants in June 2026, July 2026, and August 2026 correspond to potential fundraising amounts of approximately 74.1 million euros, 48.41 million euros, and 62.74 million euros, respectively. It was also disclosed that the company's reverse stock split will take effect on September 8th.
Additional information:Before this purchase, Capital B's strategic Bitcoin holdings were 3,145 coins; after this increase, the holding size has increased by nearly 12% compared to the level on August 17th.
