France-Based Capital B Continues Bitcoin Accumulation With New 192 BTC Acquisition And Total Holdings Rise To 3,135 BTC

Capital B Deepens Bitcoin Treasury Push With Fresh 192 BTC Purchase

A French-listed firm continues to lean further into bitcoin as a balance sheet asset, adding another tranche to its growing reserves after completing a multi-part fundraising effort backed by notable crypto and asset management figures.

The latest move reinforces its steady accumulation strategy as corporate interest in bitcoin remains active across Europe.

Capital B Expands Holdings After €17.15 Million Fundraise

Capital B has acquired 192 BTC for approximately $15.11 million, deploying capital raised through three separate financing routes, including an ATM-style equity agreement, warrant issuance, and a private placement.

The combined capital raises totalled around €17.15 million ($20 million), which the company confirmed were primarily allocated toward bitcoin purchases as part of its treasury strategy.

Among the participants in the fundraising round were Adam Back, who subscribed to share subscription warrants, alongside French asset manager TOBAM, which took part through an ATM-type arrangement.

How Were The Funds Structured And Deployed?

The financing was split across multiple channels: roughly €850,000 came via an ATM-style agreement with TOBAM, about €1.1 million was raised through warrant issuance subscribed by Adam Back, and the remaining €15.2 million was secured through a private placement involving more than 23 million ABSA shares with attached warrants.

These proceeds were fully directed into bitcoin acquisitions, consistent with the company’s stated treasury allocation approach rather than general corporate spending.

Why Is Capital B Increasing Its Bitcoin Exposure?

The firm has positioned bitcoin as a long-term reserve asset, aligning itself with a growing cohort of publicly listed companies treating BTC as part of corporate treasury management.

Unlike some US peers that have used debt-driven strategies, Capital B appears to rely more on equity-based funding and capital raises, which reduces leverage risk but slows the pace of accumulation.

What Does The Latest Purchase Add To Its Balance Sheet?

Following the latest acquisition, Capital B now holds 3,135 BTC in total, accumulated at an aggregate cost of around $330 million.

This implies an average purchase price of approximately $105,270 per bitcoin across its holdings.

The firm’s steady accumulation places it among the more active corporate bitcoin holders in Europe, as regional listed companies continue to adopt digital assets at a measured pace compared with US counterparts.

Is Corporate Bitcoin Buying Gaining Ground In Europe?

While large US firms still dominate corporate bitcoin holdings globally, European adoption remains more selective.

Capital B’s consistent purchases suggest a gradual shift among some listed companies in the region toward using bitcoin as a strategic reserve asset rather than a speculative position.

With each round of accumulation, the company continues to expand its exposure to bitcoin’s long-term price trajectory, despite ongoing regulatory uncertainty and broader market fluctuations.