Capital B, a Paris‑listed Bitcoin treasury company, announced the acquisition of 12 Bitcoin on November 10, 2026. The purchase cost €0.84 million, an average price of €70,295 per coin, and increased the firm’s total holdings to 3,550 BTC.
Funding of the purchase
The acquisition was financed entirely through equity. Capital B issued 147,176 new ordinary shares at an average price of €5.90, raising approximately €0.87 million. The shares were sold in the final phase of an at‑the‑market program with TOBAM, completing that issuance round.
Current treasury metrics
Overall, Capital B has spent €311.5 million on its Bitcoin holdings, resulting in an average acquisition cost of €87,746 per BTC. The latest batch was purchased below this average cost. The company reported a year‑to‑date BTC yield of 2.23%, up from 2.20% as of September 28, and a BTC gain of 63 BTC valued at €4.2 million.
Background and shareholder impact
Formerly known as The Blockchain Group, Capital B trades on Euronext Growth Paris under the ticker ALCPB and launched its Bitcoin Treasury Company strategy in November 2024. The model relies on issuing shares to raise euros, which are then converted into Bitcoin. While new share issuances dilute existing shareholders, the proceeds are used to increase the Bitcoin treasury.
With the TOBAM program now concluded, future funding for Bitcoin purchases will require a new mechanism or program.
