Alexandre Laizet, the head of Bitcoin strategy and board director at Capital B, announced via X that the company has submitted a new capital raising proposal to its board, seeking shareholder approval for up to $122 billion in funding authorization to accelerate its Bitcoin treasury reserve strategy.
According to the proposal details, the authorization is split into equity financing and credit facilities. For the equity portion, Capital B plans to issue up to 125 billion shares at par value, aiming to raise up to €5 billion (approximately $5.8 billion). For the credit portion, it seeks a facility of up to €100 billion (approximately $116 billion). Combined, the total authorization could reach around $122 billion. Shareholders will have the opportunity to vote electronically ahead of the joint general meeting scheduled for June 17. If fully utilized, this authorization would provide Capital B with unprecedented capital for Bitcoin purchases.
Recent Bitcoin Accumulation
Capital B has been actively building its Bitcoin position. Shortly before the proposal was announced, the company purchased 192 BTC at a cost of $15.2 million, and subsequently added another 4 BTC, bringing its total holdings to 3,139 bitcoins. This suggests that if the new authorization is approved, the company will have access to funds far exceeding the current scale of its holdings.
A Look Back at Funding Rounds
Capital B has already conducted multiple rounds of funding for its Bitcoin acquisition strategy. Earlier, the company completed a strategic financing round of €15.2 million, backed by a number of global institutional investors as well as notable figures from the Bitcoin community, including Adam Back and asset manager TOBAM, with the proceeds earmarked for Bitcoin purchases. Subsequently, the company raised approximately €3 million through the issuance of warrants, and deployed $3.11 million of that to buy 44 BTC, bringing its holdings at the time to 2,888 bitcoins.
From 2,888 BTC to 3,139 BTC, and now a multi-hundred-billion-dollar authorization on the ballot, Capital B is rapidly accelerating its Bitcoin treasury strategy. Should the proposal pass the shareholder meeting, its future purchasing power for Bitcoin will receive unprecedented financial backing.