Capital B Buys 192 BTC After $20M Raise as Treasury Strategy Accelerates

Adam Again Joins Capital B Funding Spherical as Firm Accelerates BTC Technique

Capital B, the French firm previously often called The Blockchain Group, has expanded its bitcoin reserves with the acquisition of 192 BTC valued at roughly $15 million (€13 million), persevering with an aggressive treasury technique backed by institutional traders together with Blockstream CEO, Adam Again.

The acquisition follows a collection of capital raises finalized this week that introduced in roughly $20 million (€17.15 million), in line with the corporate’s official assertion. Capital B mentioned the proceeds have been deployed as deliberate towards extra bitcoin purchases.

The financing bundle included a number of parts, with the most important portion of $17.9 million (€15.2 million) secured by means of a personal placement of greater than 23 million shares bundled with warrants. The position attracted a bunch of institutional traders, together with Adam Again and TOBAM.

Following the most recent buy, Capital B’s whole bitcoin holdings have risen to three,135 BTC. The corporate mentioned these holdings have been collected at a complete acquisition price of roughly $330 million (€283.6 million), implying a median buy worth of $105,249.

Capital B rebranded from The Blockchain Group in July 2025 because it shifted towards a devoted bitcoin treasury technique, becoming a member of a rising record of public firms utilizing fairness markets to build up digital belongings.

The corporate additionally disclosed inside efficiency metrics tied to its bitcoin technique. Yr so far, it reported a BTC yield of 1.82% and a quarterly yield of 1.09%. Bitcoin-related beneficial properties totaled 51.3 BTC for the 12 months and 31.4 BTC for the quarter.

The transfer displays the continued emergence of bitcoin treasury firms in Europe, mirroring a mannequin popularized in america by corporations akin to Technique.

Capital B’s newest buy comes as publicly traded corporations more and more compete to construct giant bitcoin reserves as a part of broader steadiness sheet methods. For supporters, the strategy provides leveraged publicity to bitcoin appreciation by means of public fairness markets. Critics, nonetheless, proceed to warn that such methods can go away company steadiness sheets extremely uncovered to crypto worth swings.

Nonetheless, Capital B seems dedicated to deepening its place. With greater than 3,100 BTC now on its steadiness sheet, the corporate is positioning itself amongst Europe’s most distinguished publicly listed bitcoin treasury corporations.