Key Takeaways
- • Capital B acquired 376 Bitcoin for €25.3 million ($29.4–29.5 million) at an average price of €67,182 per BTC, marking its largest purchase since September 2025.
- • The French-listed corporate Bitcoin treasury firm has raised total holdings to 3,521 BTC, funded by approximately €30.1 million ($35 million) in capital raises including a private placement backed by investors Adam Back and TOBAM.
- • Capital B has accumulated 3,521 BTC at a blended average cost of €87,878 per coin across total expenditures of €309.4 million, positioning the company as the 25th-largest publicly traded corporate Bitcoin holder globally.
- • The company maintains an additional 61 BTC for operational purposes, kept separate from its treasury reserve and excluded from Bitcoin-related performance metrics.
- • Swissquote Bank Europe executed the purchase with Taurus providing custody, reflecting institutional-grade infrastructure for corporate Bitcoin treasury management.
Summary
French corporate Bitcoin treasury firm Capital B announced on September 7, 2026, the acquisition of 376 Bitcoin for €25.3 million ($29.4–29.5 million), expanding its strategic Bitcoin holdings to 3,521 BTC. The purchase, executed at an average price of €67,182 per coin, represents Capital B's largest single acquisition since September 2025, when the company purchased 551 BTC for €54.7 million.
The acquisition was funded following Capital B's completion of approximately €30.1 million ($35 million) in capital raises, including a private placement supported by prominent Bitcoin investors Adam Back and TOBAM. This financing mechanism underscores the growing appetite among institutional and high-net-worth participants for exposure to corporate Bitcoin treasury strategies. Swissquote Bank Europe facilitated the purchase, while custody services were provided by Taurus, demonstrating the infrastructure maturity in the institutional Bitcoin market.
Capital B's cumulative Bitcoin position reflects disciplined treasury accumulation. The company has deployed a total of €309.4 million to acquire its 3,521-BTC holdings at a blended average cost of €87,878 per coin. At current acquisition prices, this represents a lower cost basis than earlier purchases, suggesting strategic dollar-cost averaging by the firm. According to BitcoinTreasuries.net, Capital B now ranks as the 25th-largest publicly traded corporate Bitcoin holder globally. The company maintains an additional 61 BTC designated for operational purposes, which it segregates from its treasury reserve and excludes from Bitcoin-related performance calculations.
Capital B's accumulation strategy reflects a broader trend among select publicly traded companies, even as others unwind Bitcoin treasuries. Japanese firm Metaplanet acquired 2,823 BTC during Q2 2026 for approximately $222 million, advancing to third-largest publicly traded corporate Bitcoin holder, behind Strategy (Michael Saylor's firm) and Twenty One Capital. Sweden-based H100 Group more than tripled its Bitcoin holdings in August through acquisitions of Norwegian companies holding 2,455 BTC. Conversely, firms including K Wave Media and Sequans Communications have opted to liquidate Bitcoin treasury positions, illustrating divergent corporate strategies in the ongoing evolution of Bitcoin as a treasury reserve asset.
The acquisition was funded following Capital B's completion of approximately €30.1 million ($35 million) in capital raises, including a private placement supported by prominent Bitcoin investors Adam Back and TOBAM. This financing mechanism underscores the growing appetite among institutional and high-net-worth participants for exposure to corporate Bitcoin treasury strategies. Swissquote Bank Europe facilitated the purchase, while custody services were provided by Taurus, demonstrating the infrastructure maturity in the institutional Bitcoin market.
Capital B's cumulative Bitcoin position reflects disciplined treasury accumulation. The company has deployed a total of €309.4 million to acquire its 3,521-BTC holdings at a blended average cost of €87,878 per coin. At current acquisition prices, this represents a lower cost basis than earlier purchases, suggesting strategic dollar-cost averaging by the firm. According to BitcoinTreasuries.net, Capital B now ranks as the 25th-largest publicly traded corporate Bitcoin holder globally. The company maintains an additional 61 BTC designated for operational purposes, which it segregates from its treasury reserve and excludes from Bitcoin-related performance calculations.
Capital B's accumulation strategy reflects a broader trend among select publicly traded companies, even as others unwind Bitcoin treasuries. Japanese firm Metaplanet acquired 2,823 BTC during Q2 2026 for approximately $222 million, advancing to third-largest publicly traded corporate Bitcoin holder, behind Strategy (Michael Saylor's firm) and Twenty One Capital. Sweden-based H100 Group more than tripled its Bitcoin holdings in August through acquisitions of Norwegian companies holding 2,455 BTC. Conversely, firms including K Wave Media and Sequans Communications have opted to liquidate Bitcoin treasury positions, illustrating divergent corporate strategies in the ongoing evolution of Bitcoin as a treasury reserve asset.
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