Paris-listed Bitcoin treasury company Capital B has purchased 13 BTC for €0.97 million. This transaction brings the firm's total holdings to 3,538 BTC. The company acquired the coins at an average price of €74,364 per unit, which is lower than its total treasury average cost of €87,805 per coin.
The total cost to build the current treasury reached €310.6 million. Despite the recent acquisition, the company reports a paper loss of approximately €50.8 million, with the net asset value of the holdings estimated at €259.9 million. The firm also recorded a year-to-date BTC Yield of 2.20%.
Capital B funded the purchase through an at-the-market agreement with asset manager TOBAM. Between September 14 and 22, TOBAM funds acquired 172,978 shares at a price of approximately €5.68 per share. This price represented a 3.8% premium over the previous closing price.
Blockstream Capital Partners remains the largest shareholder with 18.67% of ordinary shares, while CEO Adam Back holds an additional 17.54%. Swissquote Bank Europe serves as the sole custodian for the assets, operating under the EU Markets in Crypto-Assets regulation.
