Capital B Sets Institutional Bitcoin Treasury Benchmark with 2,800 BTC Reserve

Capital B has increased its Bitcoin holdings to 2,800 BTC following a €54.7 million purchase funded by two capital raises, solidifying its position as Europe’s first publicly listed Bitcoin Treasury CompanyCapital B Expands Bitcoin Holdings to 2,800 BTC After €54.7M Buy^[1]. The acquisition, split into 21 BTC for €2.1 million from a €2.24-per-share raise and 530 BTC for €52.6 million from an accelerated bookbuilding process, brings the company’s total Bitcoin reserves to €261 million at an average cost of €93,205 per BTCCAPITAL B company press release from 22/09/2025^[2]. The purchases were secured through partnerships with Swissquote Bank Europe SA and Banque Delubac & Cie, with custodial services provided by Swiss firm TaurusCapital B Expands Bitcoin Holdings to 2,800 BTC After €54.7M Buy^[1].

The capital raise on August 18, 2025, was fully subscribed by Bitcoin pioneer Adam Back, who invested €2.2 million to acquire 21 BTCCapital B Expands Bitcoin Holdings to 2,800 BTC After €54.7M Buy^[1]. A larger €58.1 million raise on September 16, 2025, enabled the purchase of 530 BTC, reflecting strong institutional support for Capital B’s treasury strategyCAPITAL B company press release from 22/09/2025^[2]. The company’s Bitcoin per fully diluted share has grown to 718 sats, up from 41 sats in November 2024Capital B Expands Bitcoin Holdings to 2,800 BTC After €54.7M Buy^[1]. This expansion aligns with Capital B’s goal to increase Bitcoin holdings per share over time while maintaining operational focus on data intelligence, AI, and decentralized technology consultingCapital B Expands Bitcoin Holdings to 2,800 BTC After €54.7M Buy^[1].

Year-to-date performance highlights the efficacy of the strategy, with a 1,651.2% BTC Yield and 660.5 BTC (€65.6 million) in gains through September 22, 2025Capital B Expands Bitcoin Holdings to 2,800 BTC After €54.7M Buy^[1]. Quarterly metrics show a 27.8% BTC Yield and 496.3 BTC (€49.3 million) in gains, underscoring the rapid accumulation of Bitcoin reservesCAPITAL B company press release from 22/09/2025^[2]. The company attributes this growth to disciplined capital allocation and a focus on Bitcoin as a core reserve assetCapital B Expands Bitcoin Holdings to 2,800 BTC After €54.7M Buy^[1].

Capital B’s approach includes conservative accounting for potential future share-based adjustments, ensuring no additional dilution from existing instrumentsCAPITAL B company press release from 22/09/2025^[2]. This framework allows the company to scale Bitcoin holdings without compromising shareholder equity, a critical factor in maintaining transparency and consistency in its treasury modelCapital B Expands Bitcoin Holdings to 2,800 BTC After €54.7M Buy^[1]. By September 2025, the firm’s Bitcoin reserves accounted for 2,800 BTC, with €261 million in acquisition costs, positioning it among Europe’s largest corporate Bitcoin holdersCapital B Expands Bitcoin Holdings to 2,800 BTC After €54.7M Buy^[1].

The expansion underscores growing institutional confidence in Bitcoin as a treasury asset, particularly in Europe, where few listed companies have adopted a direct accumulation modelCapital B Expands Bitcoin Holdings to 2,800 BTC After €54.7M Buy^[1]. Capital B’s strategy not only diversifies its balance sheet but also provides a benchmark for investors seeking exposure to Bitcoin through a regulated European entityCAPITAL B company press release from 22/09/2025^[2]. With ongoing fundraising and disciplined purchasing, the company aims to reinforce its role as a reference point for institutional Bitcoin adoption while balancing operational growth in its technology subsidiariesCapital B Expands Bitcoin Holdings to 2,800 BTC After €54.7M Buy^[1].