Capital B Buys $29M in Bitcoin Amid Recent Raises
French bitcoin treasury firm Capital B has made its largest Bitcoin purchase in over a year. The company bought 376 BTC for €25.3 million ($29.4 million), which represents an average price of €87,878 ($102,058) per coin.
This acquisition brings Capital B's total holdings to 3,521 BTC, acquired for a total of €309.4 million ($359.3 million). The purchase was funded by proceeds from recent capital raises, including a €28.7 million ($33.3 million) private placement and an additional €7.6 million ($8.8 million) investment from Adam Back.
Back's stake in the company now stands at 17.64% on an ordinary basis. Capital B rebranded from The Blockchain Group in July 2025 to focus on its bitcoin treasury strategy, and is currently exploring a bitcoin-backed credit product for the European market.