Institutional Confidence Surges as Capital B Bolsters Bitcoin Treasury

Capital B, a European-listed Bitcoin Treasury Company, has raised €58.1 million through a private placement with over 35 institutional investors from 10 countries, marking a significant step in its strategy to expand its Bitcoin holdings. The company issued shares at €1.55 apiece, a 9.1% discount to its recent five-day average trading price, highlighting strong demand from both traditional finance and Bitcoin-native investors such as Blockchain.com and TOBAM. The funds will primarily be used to purchase additional Bitcoin, with the company estimating that the new capital could enable the acquisition of approximately 500 BTC, pushing its total holdings to nearly 2,749 BTC.

This strategic move underscores the growing institutional interest in Bitcoin as a reserve asset, particularly in Europe. Capital B, which began accumulating Bitcoin in November 2024, currently holds 2,249 BTC, valued at approximately $260 million at today’s prices. Its average cost per coin is $107,310, resulting in an unrealized profit margin of about 7.75%. With the new purchase, its exposure to Bitcoin is expected to increase by nearly 22%. The company's approach aligns with broader corporate adoption trends, particularly those led by U.S. firms such as Strategy, which holds nearly 639,000 BTC and is among the largest Bitcoin treasury holders globally.

The timing of Capital B’s raise also coincides with a surge in Bitcoin ETF inflows in the U.S. and heightened crypto trading volumes. This reinforces a bullish sentiment among institutional investors, who view Bitcoin not only as a speculative asset but as a long-term store of value for corporate treasuries. Cantor Fitzgerald Europe and TP ICAP Europe SA acted as the global coordinator and joint bookrunner, respectively, for the placement. Their involvement highlights the growing acceptance of institutional infrastructure in supporting digital asset strategies.

While the move reflects optimism, it also comes amid growing concerns for Bitcoin treasury companies. Standard Chartered recently warned that many firms in the sector face pressures due to falling market net asset values, with some at risk of collapse. Capital B’s raise, however, demonstrates a bold display of confidence, particularly in a market where liquidity and regulatory risks remain significant concerns. The company explicitly acknowledges these risks in its disclosures, including the extreme price volatility of Bitcoin, liquidity constraints, and evolving regulatory environments.

The broader Bitcoin treasury landscape shows a growing number of corporate participants. As of recent data, 75 publicly listed companies hold Bitcoin, with a combined total of 971,110 BTC, representing a net asset value of $114.7 billion. Leading this trend are U.S.-based firms like Strategy, which holds the largest corporate Bitcoin position, while European players like Capital B are now emerging as key participants in this evolving market. The increased institutional participation signals a maturing market where Bitcoin is increasingly treated as a legitimate asset class for portfolio diversification and hedging against macroeconomic volatility.

Capital B's expansion aligns with its vision of becoming Europe’s first dedicated Bitcoin Treasury Company, building on its Data Intelligence and AI subsidiaries. The firm is also focused on strengthening its balance sheet while continuing to develop its operational activities. The company’s strategy is designed to increase the number of Bitcoin per fully diluted share over time, reinforcing its long-term value proposition for shareholders. With its recent raise, Capital B is positioning itself as a flagship example of European corporate Bitcoin adoption, reflecting a broader trend of institutional players embracing digital assets as part of their treasury strategies.

Capital B Bitcoin Holdings Set to Rise After €58M Institutional Raise, Coingabbar (https://www.coingabbar.com/en/crypto-currency-news/capital-b-bitcoin-treasury-boosts-with-euro58m-fund-raise)

Bitcoin Treasury Tracker | Corporate Bitcoin Holdings, The Block (https://www.theblock.co/treasuries/bitcoin-treasuries)

Capital B Announces The Launch of a Private Placement To Major Institutional Investors, Euronext (https://live.euronext.com/en/products/equities/company-news/2025-09-15-capital-b-announces-launch-private-placement-major)