Capital B adds 376 Bitcoin in $29M purchase, boosting holdings to 3,521 BTC
French Bitcoin treasury company Capital B bought 376 BTC for approximately €25.3 million ($29.5 million), raising its total Bitcoin holdings to 3,521 BTC. The acquisition was funded following a capital raise exceeding €30 million, including a private placement backed by notable investors.
Details of the purchase and funding
Capital B purchased 376 bitcoins at an average price of €67,182 each. The transaction execution was handled by Swissquote Bank Europe, while custody services were provided by Taurus. The funding for the purchase was secured through a capital raise totaling approximately €30.1 million, which included a private placement backed by investors Adam Back and TOBAM.
In total, the company has spent €309.4 million acquiring its Bitcoin treasury at an average cost of €87,878 per BTC. Following the transaction, Capital B moved up to 25th place among publicly traded companies by Bitcoin holdings according to BitcoinTreasuries.net.
This August purchase is Capital B’s largest since September 2025 when it acquired 551 BTC for €54.7 million. Additionally, the company holds 61 BTC set aside for operational use, kept separate from its treasury and excluded from Bitcoin-related performance metrics.
Market dynamics and corporate Bitcoin treasury peers
While some firms such as K Wave Media and Sequans Communications have begun to unwind their Bitcoin treasuries, others continue accumulation.
Japan-based Metaplanet acquired 2,823 BTC in Q2 for about $222 million, increasing its holdings to 43,000 BTC. It paid an average price near $78,850 per Bitcoin during the quarter, ranking it as the third-largest publicly traded corporate holder behind Strategy and Twenty One Capital.
In August, Sweden-based H100 Group more than tripled its Bitcoin holdings by acquiring Norwegian companies holding 2,455 BTC. This all-share deal raised H100’s treasury to 3,506 BTC, making it the second-largest publicly traded Bitcoin holder in Europe at the time. Capital B’s latest purchase places it 15 BTC ahead of H100, but both remain behind Germany’s Bitcoin Group SE with 3,605 BTC.
The global largest corporate holder, Strategy, resumed buying in August after a two-month pause, acquiring 4,603 BTC for $370 million. This boosted its total holdings to 845,050 BTC, purchased for a combined $63.3 billion.
Why it matters
This news highlights the ongoing trend of institutional accumulation of Bitcoin among publicly traded companies, even as some players unwind their positions. Capital B’s move strengthens its standing among Europe’s largest Bitcoin holders and reflects investor confidence through successful capital raises supporting the cryptocurrency purchase. These developments indicate Bitcoin’s increasing strategic importance in corporate portfolios and demonstrate growing interest as a store of value amid macroeconomic uncertainties.
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