Capital B has strengthened its reputation as a referred to as Bitcoin Treasury Company after changing major debt instruments, raising new funds, and investing some of the proceeds into additional bitcoin.
The group now has 2,925 BTC with a purchase price of €269.4 million, at an average price of €92,096 per bitcoin.
The company confirmed the purchase of 37 BTC for €2.3 million, at a price of €60,892 in cash, as part of its ongoing Bitcoin Treasury strategy. This raised the annual “BTC Yield” to 1.25%, with a “BTC Gain” of 35.3 BTC and a “BTC € Gain” of €2.2 million since the beginning of 2026. Quarter-to-date, BTC Yield stands at 0.52% of BTC Gain, and BTC 152% of Gain. €0.9 million, according to to a media company.
Next to the size of the Treasury, Capital B completed a major conversion of its OCA B-01 convertible bonds. Blockstream Capital Partners converted 17,897,600 OCA B-01 into 32,900,000 ordinary shares, while UTXO Management converted 2,020,372 OCA B-01 into 3,713,919 shares, at a conversion price of €0.544. In total, 36,613,919 new shares were issued through the redemption of these instruments.
Both Blockstream Capital Partners and UTXO Management have also exercised their right to amend the rules related to the BSA 2025-01 license issued in 2025.
Blockstream subscribed for 4,700,000 new shares at €0.544 per share for €2.56 million, while UTXO Management acquired 530,559 shares for €0.29 million, bringing the total amount raised in this transaction to €2.85 million. The company reported the exercise of 4,464,712 BSA 2025-01 in 637,816 shares of €0.35 million, and the documents became worthless at midnight on April 10, 2026.
In March, Capital B he announced €3 million in capital is raised together with the changes in existing bonds to improve its Bitcoin asset management system.
The investment, with the support of TOBAM and UTXO Management, could help the company to acquire approximately 36 additional bitcoin, bringing its total investment to approximately 2,880 BTC.
Capital B’s Bitcoin is held for operational needs
Following this, Capital B’s issued share capital stands at 272,210,021 shares, while its diluted basis amounts to 397,622,899 shares including remaining convertibles, warrants, and free plans. For this reason, the group reports 730 satoshis of bitcoin per fully diluted share, a key metric in its strategy to increase BTC per share over time.
The company said that an additional 60 BTC is held for operational needs, separated from the warehouse that supports Bitcoin Treasury KPIs. Capital B said it will continue to publish BTC Yield, BTC Gain, and BTC €Gain as additional indicators for investors who follow its model of earning bitcoins.
Disclaimer: Bitcoin Magazine is owned by Nakamoto Inc. (NASDAQ: NAKA). Nakamoto Inc. it also has UTXO Management.
