Capital B Expands Bitcoin Holdings to 2,249 BTC Worth $242 Million

Capital B (Euronext Growth Paris: ALCPB), also known as The Blockchain Group, has bought 48 BTC for approximately $5.5 million...

Quick overview

  • Capital B has purchased 48 BTC for approximately $5.5 million, increasing its total reserves to 2,249 BTC worth over $242 million.
  • The recent BTC acquisitions were funded through multiple fundraising rounds, including contributions from TOBAM and Fulgur Ventures.
  • Capital B's strategy reflects growing institutional confidence in Bitcoin as a treasury asset, with a year-to-date performance yielding 1,536.6%.
  • If ongoing fundraising is successful, the company's total BTC holdings could rise to 2,267, solidifying its position as a leading corporate Bitcoin holder in Europe.

Capital B (Euronext Growth Paris: ALCPB), also known as The Blockchain Group, has bought 48 BTC for approximately $5.5 million (€4.7 million). This brings the company’s total BTC reserves to 2,249 BTC, worth more than $242 million (€206.3 million) at current prices.

The purchases follow a series of capital raises to increase the group’s cryptocurrency portfolio. By steadily adding to reserves, Capital B is becoming one of the most aggressive corporate Bitcoin holders in Europe.

Fundraising for New Acquisitions

The latest BTC purchases were funded through multiple fundraising rounds completed recently:

  • €1.8 million ATM-type raise with TOBAM at €1.72 per share, to buy 17 BTC.
  • €2.5 million subscription by TOBAM Bitcoin Alpha Fund at €1.69 per share, to buy 24 BTC.
  • €0.7 million subscription from Fulgur Ventures at €0.544 per share, to buy 7 BTC.

Capital B also reported a BTC yield of 1,536.6% YTD, 614.6 BTC (€60.6 million) in 2025 and 346.8 BTC (€34.2 million) in Q1. An ongoing €2.2 million subscription by Blockstream CEO Adam Back could add 18 BTC, taking total holdings to 2,267 BTC.

Institutional Bitcoin Strategy

The company’s accumulation strategy shows increasing institutional confidence in Bitcoin as a treasury asset. Capital B’s YTD performance proves this approach is profitable in a strong market.

While volatility is a risk, the company’s balance sheet diversification and ongoing fundraising means it will continue to add to reserves. Having institutional investors like TOBAM and Adam Back on board also adds to the long-term strategy.

Key Takeaways:

  • Total BTC: 2,249
  • YTD BTC: 614.6
  • Potential BTC post-raise: 2,267

With Bitcoin at all-time highs, Capital B’s strategy is part of a trend of listed companies allocating more capital to digital assets. If the fundraising goes ahead as planned, the company will become even more one of the largest corporate Bitcoin holders in Europe.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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