Capital B has added 12 Bitcoin to its balance sheet, bringing its holdings to 3,550 $BTC. The company is listed in Paris.
The purchase, by the numbers
Research findings say Capital B made the purchase on November 10, 2026, paying €0.84 million for 12 coins.
The average purchase price was €70,295 per Bitcoin.
The purchase was financed entirely with equity. Capital B issued 147,176 new ordinary shares at an average of €5.90 each, raising about €0.87 million.
The shares were sold in the final phase of an at-the-market program with TOBAM, which is now fully completed. Future purchases will require another source of funding or a new program.
What the treasury looks like now
Capital B has spent a total of €311.5 million on its 3,550 $BTC, giving it an average acquisition cost of €87,746 per Bitcoin.
The latest coins were purchased at €70,295 each, well below the company’s average cost.
The company also provided updated performance figures, reporting a year-to-date $BTC Yield of 2.23%, compared with 2.20% as of September 28.
Capital B also reported a $BTC Gain of 63 $BTC, valued at €4.2 million. Both are company-reported measures related to its treasury strategy.
Background: The Blockchain Group becomes Capital B
Previously known as The Blockchain Group, Capital B trades on Euronext Growth Paris under the ticker ALCPB.
Capital B launched its Bitcoin Treasury Company strategy in November 2024 and has accumulated 3,550 $BTC using funds raised in public markets.
Its funding model is central to the strategy: the company issues shares, raises euros, and uses them to buy Bitcoin.
What the purchase means for shareholders and the treasury model
Each ATM round presents a trade-off for existing shareholders. Issuing new shares dilutes their ownership, while the proceeds add Bitcoin to the company’s holdings.
The modest size of the purchase is consistent with a program nearing its final tranche. Raising about €0.87 million by selling 147,176 shares at €5.90 each amounts to a small round.
Now that the TOBAM program is complete, investors will likely look to see how Capital B plans to fund future purchases.
With an average acquisition cost of €87,746 per coin, the treasury is directly exposed to Bitcoin price fluctuations. The latest purchase price, €70,295 per coin, is well below that average.
For now, the figures are 3,550 $BTC, €311.5 million spent, and a year-to-date $BTC Yield of 2.23%.
Source: cryptobriefing.com. Adapted by NBTC.
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