Capital B, the Paris-listed Bitcoin Treasury Company formerly known as The Blockchain Group, has been able to buy 192 bitcoins for €13.0 million, bringing the total to 3,135 BTC – one of the largest bitcoin holdings held by a European company.
The acquisition, which was announced on May 18, 2026, was supported by three investments that made €17.15 million. The raising included the placement of € 0.85 million under the agreement “on the market” (ATM) with TOBAM, a document of € 1.1 million issued by cypherpunk and CEO of Blockstream Adam Back, and a private placement of € 15.2 million with registered documents (ABSA) at €0.66 in a group of international organizations.
192 BTC were bought at an average price of €67,866 per bitcoin, according to information shared by Bitcoin Magazine. The company’s total revenue has reached €283.6 million, which represents a net asset value of €90,451 per share. The purchase was made through Swissquote Bank Europe SA, a Luxembourg-registered brokerage firm, and held through the Swiss company Taurus.
Capital B’s Bitcoin yield
Capital B transportation a performance metric called “BTC Yield” – a measure of the amount of bitcoin per fully diluted share – to assess the effectiveness of its investment strategy. Year-on-year, the company recorded a BTC Yield of 1.82%, a BTC Gain of 51.3 BTC, and a BTC Euro Gain of €3.5 million. Since the start of the second phase, the figures represent 1.09%, 31.4 BTC, and €2.1 million.
The private placement had an approved plan consisting of three tranches, each with a maturity of five years. Warrant 2026-03 carries an exercise price of €0.86, Warrant 2026-04 at €1.12, and Warrant 2026-05 at €1.46 – each at 130% of the previous exercise price. If all the warrants are exercised, the transaction could generate an additional €99.1 million for the company. Maxim Group LLC acted as lead manager, Marex SA as co-manager.
The capital table following the transaction shows that Adam Back holds 13.37% of common shares and 10.00% on a diluted basis, while Blockstream Capital Partners holds 14.36% on a common basis but 35.90% on a diluted basis – showing its main position in the document. TOBAM owns 4.52% of the common shares. For all purposes, the company has 300,265,812 shares, which can be reduced by 420,859,061.
Capital B sales on Euronext Growth Paris under the ticker ALCPB, and US OTC trading under CPTLF. The company’s bitcoin Treasury Strategy focuses on only one goal: to increase the amount of bitcoin that is held on a fully diluted basis over time.
Earlier today, Strategy he said he bought it 24,869 BTC for about $2.01 billion last week, bringing its total to 843,738 BTC for an average price of about $75,700 per coin and strengthening its position as the biggest bitcoin holder.
The purchase shows increasing momentum, which is supported by preferred currency and ATM offerings, as the company continues to prioritize the growth of bitcoin in each quarter while showing that it remains a net accumulator despite the limited flexibility to sell if necessary.
