Major investment firm Capital B purchases €5.9 million worth of Bitcoin, now holding a total of 2,013 Bitcoin assets.
Capital B, formerly known as The Blockchain Group, has undergone a transformation, rebranding to its new name on July 21. This change marks a new chapter for the company, which has seen significant growth in its Bitcoin treasury.
Since its rebranding, Capital B has focused on accumulating Bitcoin as a core treasury asset. This strategy aims to hedge against inflation and boost long-term value growth. The company treats Bitcoin not as a speculative side asset, but as a substantial part of its balance sheet, positioning itself as a leading Bitcoin Treasury Company in Europe.
Capital B's approach involves strategic acquisitions to grow its Bitcoin holdings steadily. In 2025, for instance, they acquired 58 bitcoins for €5.9 million, raising their total holdings to 2,013 BTC. This acquisition was made possible by two recent capital raises: one €5 million investment subscribed by Adam Back, and another €1.6 million from the asset management firm TOBAM. These funding rounds provide the financial firepower for Capital B to continue expanding its Bitcoin treasury.
Key details of their Bitcoin treasury and funding linkage reveal that BTC holdings grew by 563.9 bitcoins since January 2025. The average acquisition cost is about €90,863 per bitcoin, resulting in a total value of BTC held approximating €182.9 million. The company posted a 1,409.8% Bitcoin yield (price appreciation and accumulation combined) year-to-date, underscoring the success of their treasury strategy.
In the broader context, Capital B’s model aligns with a trend where companies use Bitcoin on their balance sheets to manage inflation risk, unlock new funding methods, and gain exposure to potential upside in Bitcoin’s price. Their successful funding rounds demonstrate how raising capital via equity or partnerships can fund further Bitcoin purchases, reinforcing their treasury position.
As part of its rebranding, Capital B has launched a new logo, revamped website, and a Bitcoin analytics dashboard. A new capital increase, subscribed by Peak Hodl Ltd for ~€8.7 million, could potentially enable the acquisition of an additional 70 BTC. If this additional 70 BTC are acquired, Capital B's total bitcoin holdings could reach 2,083 BTC.
Capital B is setting up a new office in Abu Dhabi, UAE to expand its global footprint. The company aims to attract institutional investors with a Bitcoin-first outlook through its international expansion. The bitcoins acquired by Capital B are secured through custody infrastructure provided by Taurus, a Swiss digital asset firm. Banque Delubac & Cie, a DASP registered with the AMF, executed the recent Bitcoin purchases for Capital B.
Capital B, listed on Euronext Growth Paris, has seen a BTC gain of 563.9 BTC year-to-date, translating to a €57.6 million gain over the same period. The bitcoins are valued at nearly €182.9 million at an average price of €90,863 per bitcoin. The company's net asset value for BTC holdings, including the recent acquisition and market appreciation, stands at approximately €205.8 million.
In conclusion, Capital B's strategy is a cycle of raising capital to enable Bitcoin acquisitions, which then aim to increase shareholder value through Bitcoin appreciation, while positioning themselves as a European leader in corporate Bitcoin treasury management.
- Capital B, now known as Capital B, has transformed its focus towards accumulating Bitcoin as a core treasury asset, aiming to hedge against inflation and boost long-term value growth.
- The company's approach includes strategic acquisitions, such as the purchase of 58 bitcoins for €5.9 million in 2025, made possible by recent capital raises.
- Capital B's Bitcoin treasury strategy has resulted in a 1,409.8% Bitcoin yield year-to-date, underscoring the success of their approach.
- The company's rebranding was accompanied by the launch of a Bitcoin analytics dashboard, a revamped website, and plans for a new office in Abu Dhabi, UAE to attract institutional investors with a Bitcoin-first outlook.
