Capital B Speeds Up Bitcoin Accumulation via Equity Offerings
Capital B, a French Bitcoin treasury company, is accelerating its Bitcoin accumulation strategy through equity offerings and other financing tools. According to its latest disclosure, Capital B held 3,525 BTC as of September 14, with an acquisition value of €309.7 million and an average cost of €87,854 per Bitcoin.
The company's approach is focused on acquiring as much Bitcoin as possible while measuring progress by Bitcoin held per fully diluted share rather than total BTC balance. To achieve this goal, Capital B has completed capital raises totaling €28.7 million and acquired 376 BTC for €25.3 million.
As part of its treasury strategy, the company uses Swissquote Bank Europe as its sole Bitcoin custodian, utilizing Taurus' custody technology. Capital B plans to continue using capital-market financing for future Bitcoin accumulation.