Capital B has completed the purchase of 376 BTC for €25.3 million, concluding nearly €30.1 million in capital raises and lifting the French-listed firm's strategic Bitcoin treasury to 3,521 BTC.

The transaction, confirmed on September 7, was executed at an average price of €67,182 per BTC, using proceeds from financings the company had been arranging since late August, according to Capital B's September 7 press release.

Capital B $ALCPB has acquired 376 BTC for €25.3 million at €67,182 per bitcoin and has achieved BTC Yield of 2.17% YTD. As of 9/7/2026, Capital B holds 3,521 $BTC for €309.4 million at €87,878 per bitcoin $ALCPB $CPTLF Europe's First Bitcoin Treasury Company … pic.twitter.com/9ahwvgn4ic — Alexandre Laizet (@AlexandreLaizet) September 7, 2026

The purchase closed one day before Capital B's scheduled 10-for-1 reverse stock split takes effect on September 8. The move mirrors a pattern seen across listed Bitcoin treasury companies, where equity raises are funneled directly into large-scale Bitcoin acquisition programs rather than held as idle cash. The model, pioneered at scale by Strategy (formerly MicroStrategy) in the United States, has since been adopted by a growing roster of listed firms in North America, Asia and Europe, with Capital B positioning itself as the first European-listed company organized around the strategy.

The news came as Bitcoin trades at $79,550, down 0.8% over the past 24 hours, though still up more than 1% over the past week, with daily trading volume at $22.8 billion.

How the 376 BTC Purchase Was Funded

Bitcoin whale bids are stacking underneath. Large buy liquidity is sitting around $75K and $73K, giving $BTC a strong cushion below while price holds near $79.5K. If $BTC absorbs the $80K–$82K sell wall, I'd expect the next squeeze higher to start getting interesting. $84K+… pic.twitter.com/905yWlOe8J — Wealthmanager (@Wealthmanager) September 7, 2026

The €25.3M purchase drew on €28.7M raised through two private placements involving global institutional investors, including strategic investors Adam Back and asset manager TOBAM, according to the press release. Back is the CEO and co-founder of Bitcoin infrastructure company Blockstream and one of the earliest contributors to Bitcoin's underlying technology, making his participation a notable institutional endorsement of the firm's treasury strategy.

Each unit sold in the placements consisted of a share bundled with four subscription warrants, priced at €0.58 per share-and-warrant package.

The first placement, announced August 28, issued 36.22 million shares for €21.01M. A second placement on September 2 saw Back alone subscribe for 13.18 million shares, valued at approximately €7.64M.

Capital B rounded out the financing with a separate €1.44M capital increase under its agreement with TOBAM, issuing 2.8 million ordinary shares at an average price of €0.51, bringing total completed raises to roughly €30.14M, consistent with the company's nearly €30.1M figure.

Capital B's Bitcoin Treasury Position

Capital B, listed on Euronext Growth Paris, now holds 3,521 BTC in its strategic reserve at an aggregate acquisition cost of €309.4 million, or an average of €87,878 per coin.

That average sits well above the €67,182 paid for the latest batch, reflecting Bitcoin's price swings across the company's buying history. The firm separately holds 61 BTC reserved for operational needs, which it keeps segregated from treasury performance metrics.

The 376 BTC purchase marks Capital B's largest single acquisition since it bought 624 BTC in June 2025. The company reported a year-to-date BTC Yield of 2.17% and a BTC Gain of 61.3 BTC.

These metrics are defined as tracking Bitcoin held per fully diluted share rather than traditional investment returns, a distinction worth understanding before comparing them to yields discussed in coverage of corporate Bitcoin treasury funding models. (SOURCE: CoinGecko)

Execution, Custody and the Reverse Split Ahead

Swissquote Bank Europe, a Luxembourg-registered virtual asset service provider, executed the acquisition using proceeds from the completed capital increases, with custody handled through infrastructure from Swiss digital-asset firm Taurus.

That execution-custody split is a common feature among companies pursuing the long-horizon accumulation approach outlined in prior reporting on corporate Bitcoin holding strategies.

Capital B's 10-for-1 reverse stock split takes effect September 8, consolidating every 10 existing shares into one and requiring adjustments to outstanding convertible bonds and warrants. Reverse splits are often used by small-cap listed companies to lift per-share trading prices, which can broaden access to institutional investors subject to minimum-price thresholds.

The 197.6 million warrants issued through the latest placements could generate €185.25M in additional capital if fully exercised, on top of the €100Bn in debt capacity and €5Bn capital-increase authority shareholders approved in June, according to the company's press release. Together, those authorizations give the company a substantial runway for further Bitcoin purchases — the key variable to watch as it works to grow BTC held per share, its stated performance benchmark.