Europe’s Capital B Buys 12 More BTC, Total Holdings Hit 2,812 Bitcoin Worth $314M

Capital B has acquired 12 additional Bitcoin (BTC) for €1.2 million, bringing the European company’s total holdings to 2,812 BTC worth over $314 million as of September ￰1￱ Euronext Growth Paris-listed firm achieved the purchase through a capital increase with strategic partner TOBAM, maintaining an average acquisition cost of €93,216 ($108,800) per ￰2￱ ₿ has acquired 12 BTC for €1.2 million at €95,935 per bitcoin and has achieved BTC Yield of 1,656.1% YTD, 28.1% ￰3￱ of 9/29/2025, $ALCPB holds 2,812 $BTC for €262.1 million at €93,216 per bitcoin @_ALCPB Europe's First Bitcoin Treasury Company ￰0￱ — Alexandre Laizet (@AlexandreLaizet) September 29, 2025 Europe’s Largest Bitcoin Treasury Posts 1,656% Annual Yield The transaction marks the latest expansion in the company’s aggressive accumulation strategy, which has generated a 1,656.1% year-to-date BTC yield and made Capital B Europe the largest publicly traded Bitcoin treasury ￰4￱ French firm has grown from holding just 15 Bitcoin in November 2024 to accumulating 2,812 BTC over the course of ten months, an 18,647% increase in ￰5￱ B now ranks 28th globally among public companies holding Bitcoin, trailing Asian competitor Metaplanet’s 25,555 BTC, and Sequans Communications’ 3,205 ￰6￱ company’s strategy followed the approach pioneered by U.

S.-based Strategy, which holds 640,031 Bitcoin after acquiring 196 BTC for approximately $22.1 million at an average price of $113,048 per coin ￰7￱ treasuries’ rapid growth has attracted significant institutional backing, with the Los Angeles-based Capital Group, a $2.6 trillion asset manager, recently taking an 11.45% stake in Metaplanet , valued at nearly $500 million. TOBAM, a French asset management firm, has emerged as Capital B’s primary strategic partner, participating in multiple capital raises throughout 2025 and now holding 5.70% of the company’s outstanding ￰8￱ Program Drives Zero-Fee Capital Formation Capital B completed its latest acquisition through an “ATM-type” capital increase program with TOBAM, issuing 706,000 new ordinary shares at €1.70 ($1.99) per ￰9￱ program represents France’s first at-the-market offering structure, allowing daily subscription requests with dynamic pricing that protects shareholder value.) and four additional funds taking smaller ￰10￱ ATM mechanism has proven highly efficient, generating €19.7 million ($22.99M) in capital without intermediary fees since ￰11￱ structure sets subscription prices at the highest of three ￰12￱ previous day’s closing price, the previous day’s volume-weighted average price, or the 20-day average VWAP, discounted by 15%.

This approach has allowed Capital B to raise capital more accretively than traditional equity offerings while maintaining alignment with long-term ￰13￱ B has now raised over €270 million ($315M) through various financing instruments in 2025, including €150 million ($175M) in convertible bonds and €125 million ($145.9M) in equity ￰14￱ company maintains €10 billion ($11.67B) in authorized capital raising capacity, with €300 million ($350M) specifically allocated for TOBAM-led ATM transactions. Notably, Capital B’s convertible bond program offers investors zero-coupon, five-year instruments with conversion prices at 30% premiums to current share ￰15￱ structure allows bondholders to convert into equity when the company outperforms conversion thresholds, while maintaining Bitcoin-denominated debt that eliminates credit ￰16￱ company has issued convertible bonds worth €13 million ($15.2M) to TOBAM and €6.5 million ($7.6M) through its Luxembourg subsidiary, with proceeds designated 95% for Bitcoin purchases.