Key Takeaways
- • Capital B acquired 44 bitcoin for €2.7 million (approximately $3.12 million), expanding total holdings to 2,888 BTC as of the latest disclosure in April 2026.
- • The French-listed Bitcoin Treasury Company has achieved a year-to-date BTC Yield of 0.72%, with cumulative gains of 20.4 BTC and €1.2 million, maintaining an average acquisition cost of €92,495 per coin across its €267.1 million investment portfolio.
- • Capital B funded acquisitions through multiple capital raising mechanisms, including an ATM-type capital increase with TOBAM generating €0.5 million at €0.76 per share and €3 million raised via share subscription warrants from TOBAM (€2 million) and UTXO Management (€1 million).
- • Swissquote Bank Europe SA, a Luxembourg-registered VASP, executed bitcoin acquisitions and provides custody through Taurus technology, with Capital B maintaining an additional 60 BTC for operational purposes separate from treasury holdings.
- • Capital B (ticker: ALCPB, ISIN: FR0011053636) is listed on Euronext Growth Paris and operates as Europe's first publicly traded Bitcoin Treasury Company, positioning itself to increase bitcoin per fully diluted share through systematic accumulation.
Summary
Capital B, Europe's first publicly traded Bitcoin Treasury Company, has completed acquisition of 44 bitcoin for €2.7 million, bringing total holdings to 2,888 BTC. This latest purchase represents the company's continued execution of its Bitcoin standard strategy adopted in November 2024. The acquisition was funded through multiple capital raising operations, including an ATM-type capital increase with TOBAM that generated €0.5 million through issuance of 669,906 new shares at €0.76 per share, alongside €3 million raised via share subscription warrants subscribed by TOBAM (€2 million) and UTXO Management (€1 million).
Capital B's treasury performance metrics underscore consistent accumulation mechanics. The company reported a year-to-date BTC Yield of 0.72%, equivalent to a gain of 20.4 BTC valued at €1.2 million. The average acquisition cost across the portfolio stands at €92,495 per coin, representing total deployed capital of €267.1 million. Earlier in March 2026, Capital B confirmed acquisition of 8 BTC for €0.5 million at a per-unit cost of approximately €92,971, demonstrating disciplined capital deployment across multiple smaller tranches.
The company's operational structure separates treasury holdings from operational reserves. Capital B maintains 2,888 BTC in its primary Bitcoin Treasury holdings, with an additional 60 BTC reserved for operational needs. Swissquote Bank Europe SA, a Luxembourg-registered virtual asset service provider, executed the acquisitions and maintains custody through Taurus technology infrastructure, providing institutional-grade safeguarding aligned with regulatory requirements for publicly traded crypto asset holders.
Capital B (ISIN: FR0011053636, ticker: ALCPB) is listed on Euronext Growth Paris and operates through subsidiaries specialized in data intelligence, artificial intelligence, and decentralized technology consulting alongside its core Bitcoin Treasury strategy. The company's stated objective is to increase bitcoin per fully diluted share over time, aligning shareholder interests with accumulation outcomes independent of bitcoin price volatility.
Capital B's treasury performance metrics underscore consistent accumulation mechanics. The company reported a year-to-date BTC Yield of 0.72%, equivalent to a gain of 20.4 BTC valued at €1.2 million. The average acquisition cost across the portfolio stands at €92,495 per coin, representing total deployed capital of €267.1 million. Earlier in March 2026, Capital B confirmed acquisition of 8 BTC for €0.5 million at a per-unit cost of approximately €92,971, demonstrating disciplined capital deployment across multiple smaller tranches.
The company's operational structure separates treasury holdings from operational reserves. Capital B maintains 2,888 BTC in its primary Bitcoin Treasury holdings, with an additional 60 BTC reserved for operational needs. Swissquote Bank Europe SA, a Luxembourg-registered virtual asset service provider, executed the acquisitions and maintains custody through Taurus technology infrastructure, providing institutional-grade safeguarding aligned with regulatory requirements for publicly traded crypto asset holders.
Capital B (ISIN: FR0011053636, ticker: ALCPB) is listed on Euronext Growth Paris and operates through subsidiaries specialized in data intelligence, artificial intelligence, and decentralized technology consulting alongside its core Bitcoin Treasury strategy. The company's stated objective is to increase bitcoin per fully diluted share over time, aligning shareholder interests with accumulation outcomes independent of bitcoin price volatility.
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