Capital B bought 376 Bitcoin for €25.3 million ($29.4 million) after completing new capital raises, marking the French Bitcoin treasury firm’s largest BTC acquisition since September 2025.
The company said Monday that proceeds from recent fundraising funded the purchase. The fundraising included a €28.7 million ($33.3 million) private placement, with Adam Back contributing an additional €7.6 million ($8.8 million) through the transaction. His investment increased his ordinary ownership stake to 17.64%.
Capital B last made a larger Bitcoin purchase in September 2025, when it added 551 BTC. Its acquisition activity was considerably smaller last month, with just 6 BTC purchased.
Capital B’s Bitcoin Holdings Reach 3,521 BTC
Following the latest purchase, Capital B holds 3,521 BTC acquired for a combined €309.4 million ($359.3 million). That puts the average acquisition cost of its holdings at €87,878 ($102,058) per Bitcoin.
The company adopted the Capital B name in July 2025 after previously operating as The Blockchain Group, with the rebranding centered on its Bitcoin treasury strategy.
As part of that broader Bitcoin focus, Capital B said in June that it was exploring a Bitcoin-backed credit product for Europe modeled on Strategy’s STRC and Strive’s SATA.
Bitcoin Holds Near $79,500
Bitcoin traded around $79,500 on Monday and was little changed over the previous 24 hours, according to CoinGecko. The cryptocurrency had climbed to a local high of about $81,700 last Thursday before pulling back.