Capital B, a Paris-listed Bitcoin treasury company, announced today, September 7, 2026, on social media platform X that it has purchased an additional 376 BTC for €25.3 million. With this acquisition, the company’s total Bitcoin holdings have reached 3,521.
According to the announcement, the purchase was made after completing a series of capital-raising transactions. Capital B said its Bitcoin holdings have an overall acquisition value of €309.4 million, giving the company an average purchase price of €87,878 per Bitcoin.
🟠 Capital B confirms the acquisition of 376 BTC for €25.3 million, the holding of a total of 3,521 BTC, and a BTC Yield of 2.17% YTD ⚡️
Full Release (EN): HTTPS://T.CO/PQDWQFWX9A
Full Release (FR): HTTPS://T.CO/SRVF8LVP8Q
BTC Strategy (EN): HTTPS://T.CO/P5J3GA76KT
— Capital B (@_ALCPB) SEPTEMBER 7, 2026
With this move, the company adds another layer to the growing trend of publicly listed companies using Bitcoin as a treasury asset. Instead of keeping all their reserves in cash or traditional investments, these companies aim to build large Bitcoin holdings through share sales, debt and other financing methods.
Capital B describes itself as Europe’s first Bitcoin Treasury Company. Alongside its Bitcoin strategy, the group is also operating in data intelligence, artificial intelligence and decentralized technology consulting.
TOBAM Backs Capital B’s Latest Share Issuance
As part of the latest funding activity, Capital B issued 2,799,200 new ordinary shares to funds managed by TOBAM. The shares were sold at an average price of €0.51 each, raising €1.44 million.
The issuance took place under an “at-the-market” program. In simple terms, this allows a company to sell shares over time rather than offering the entire amount in a single large transaction. The final price is linked to market conditions and the company’s valuation indicators.
TOBAM’s Bitcoin Enhanced Fund received 988,470 shares, while its Bitcoin Alpha Fund purchased 1,495,320 shares. The TOBAM Bitcoin Treasury Opportunities Fund took 315,410 shares.
According to the company, the average subscription price represented a 0.4% discount relative to the closing price before the announcement.
Investors Receive Shares And Warrants
The company also confirmed the completion of private placements worth €28.7 million. The deals involved shares bundled with four warrants, a structure known as ABSA.
Capital B issued 36.2 million shares under the first part of the placement for €21 million. A second issue added 13.18 million shares for approximately €7.64 million. The participants included global institutional investors, Adam Back and TOBAM.
A warrant gives its holders the right to purchase shares at a fixed price in the future. Capital B’s new warrants have a five-year maturity. Their exercise prices are set at €0.75, €0.98 and €1.27 before the company’s planned reverse stock split.
Capital B said the reverse split, at a 10-for-1 ratio, is scheduled for September 8. After the adjustment, the exercise prices will become €7.50, €9.80 and €12.70 per share.
If every newly issued warrant is exercised, the company could raise an additional €185.3 million. However, that money would only arrive if warrant holders chose to exercise their rights and the relevant conditions are met.
BTC Yield Reaches 2.17%
In the report, the company reported a year-to-date “BTC Yield” of 2.17%. It also recorded a BTC Gain of 61.3 BTC and a BTC € Gain of €4.2 million.
These terms may sound like normal returns, but according to Capital B, they are not. BTC Yield shows how much Bitcoin the company holds per fully diluted share. It does not show how much shareholders actually earn or how much profit the company makes from its businesses.
The company also reported a quarterly BTC Yield of 0.31%, with a BTC Gain of 9.9 BTC and a BTC € Gain of €675,086.
Capital B noted that its Bitcoin treasury strategy carries risks. Bitcoin prices can swing sharply, while share issuance, debt and future dilution can affect the amount of Bitcoin represented by each share. The company also warned that its stock may trade above or below the market value of its Bitcoin holdings.
Moreover, the latest purchase was executed by Swissquote, Europe, while custody was handled through Taurus’s technology platform. Capital B stated that it holds another 61 BTC for operational needs, but those coins are kept separate from its Bitcoin treasury reserve.
