Quick Breakdown:
- Capital B raises €5M through multiple capital increases backed by TOBAM and Fulgur Ventures.
- The company’s treasury strategy could add ~60 BTC, bringing total potential holdings to 2,261 BTC.
- Funding strengthens Capital B’s position as Europe’s first Bitcoin Treasury Company, listed on Euronext Growth Paris.
Capital B, Europe’s first listed Bitcoin Treasury Company, has secured €5 million through a series of capital increases to accelerate its Bitcoin accumulation strategy and strengthen its position in the digital asset market.
Multiple Capital Increases Backed by TOBAM and Fulgur Ventures
The company executed three transactions: a €1.8 million raise at €1.72 per share via its At-The-Market (ATM) program with TOBAM; a €0.7 million subscription by Fulgur Ventures for 1.25 million shares at €0.544 per share, under legal adjustment measures for OCA B-01 holders; and a €2.5 million reserved issue at €1.69 per share, fully subscribed by TOBAM Bitcoin Alpha Fund.
Together, these operations strengthen Capital B’s balance sheet while advancing its goal of expanding Bitcoin reserves. With these latest issuances, the company estimates it could acquire an additional 60 BTC, raising its potential total holdings to 2,261 BTC.
Expanding Bitcoin Treasury Model in Europe
Capital B is pursuing a long-term strategy to increase the number of Bitcoins per share on a fully diluted basis, positioning itself as a European benchmark for corporate Bitcoin treasuries. The firm’s recent financings underline strong investor support, particularly from TOBAM’s crypto-focused funds and Fulgur Ventures.
The newly issued shares will be listed on Euronext Growth Paris, with no prospectus required under French market regulations. Despite market volatility, subscription prices reflected limited premiums or discounts against recent closing levels, demonstrating institutional confidence in Capital B’s Bitcoin-focused financial model.
By combining treasury growth with its subsidiaries in data intelligence, AI, and decentralized technologies, Capital B aims to build a diversified digital finance ecosystem. The company continues to target long-term value creation through Bitcoin accumulation and operational development.
Notably, Capital B recently acquired an additional 58 BTC valued at approximately €5.9 million, bringing its total holdings to 2,013 BTC, now worth more than €183 million. This expansion was financed through two capital raises in July, including a €5 million subscription by Blockstream CEO Adam Back.
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