Capital B has increased its Bitcoin holdings by 376 BTC, spending €25.3 million. This acquisition brings the company's total balance sheet to 3,521 BTC, placing it close to Bitcoin Group SE, which currently holds 3,605 BTC. The difference between the two companies is now only 84 BTC.
The purchase was supported by a €7.6 million investment from Adam Back, CEO of Blockstream, via stock issuance. This was part of a larger €21 million placement that included institutional investor TOBAM. The company, formerly known as The Blockchain Group, has been actively purchasing Bitcoin since November 2024.
Prior to this latest transaction, Capital B held 3,145 BTC with an average purchase price of approximately €90,352 per coin. The most recent batch of 376 BTC was acquired at an average cost of roughly €67,300 per coin. The firm reports a year-to-date BTC Yield of 2.17% on a fully diluted basis.
Capital B positions itself as Europe's first Bitcoin Treasury Company, utilizing equity issuances and capital markets to fund its acquisitions, similar to the US-based MicroStrategy. The company's Bitcoin assets are held in custody by the regulated banking institution Swissquote Bank Europe.
