Capital B, Europe’s first Bitcoin Treasury Company, has completed the acquisition of 44 bitcoin for €2.7 million, bringing its total holdings to 2,888 BTC. The purchases were executed as part of the company’s ongoing Bitcoin Treasury Company strategy, which aims to increase the number of bitcoin per fully diluted share over time, according to a company press release seen by Bitcoin Magazine.
The company also finalized multiple capital raising operations. An “ATM-type” capital increase with TOBAM generated €0.5 million through the issuance of 669,906 new shares at €0.76 per share. Additionally, €3 million was raised via share subscription warrants, with €2 million subscribed by TOBAM and €1 million by UTXO Management. These operations funded the latest BTC acquisition and supported the company’s broader treasury strategy.
Capital B reported a year-to-date (YTD) BTC Yield of 0.72%, equivalent to a gain of 20.4 BTC and €1.2 million. The company also achieved a quarterly BTC Yield of 0.72%, highlighting the incremental growth of its bitcoin holdings relative to fully diluted shares. The average acquisition cost of its BTC portfolio stands at €92,495 per coin, representing a total investment of €267.1 million. Swissquote Bank Europe SA, a Luxembourg-registered virtual asset service provider (VASP), executed the bitcoin acquisition and provided secure custody through Taurus technology. The company maintains an additional 60 BTC for operational needs, separate from its treasury holdings. Capital B is listed on Euronext Growth Paris and specializes in data intelligence, artificial intelligence, decentralized technology consulting and development, and corporate treasury.
Bitcoin surges
Bitcoin surged to $71,000 on Monday, rebounding from weekend lows near $67,000, following a sudden easing of geopolitical tensions after Donald Trump announced a five-day pause on planned U.S. strikes against Iran. The pause came after what Trump described as “very good” and “productive” talks with Tehran, reversing the market’s defensive posture from prior threats to target Iranian energy infrastructure.
Amid this backdrop, Strategy continued its corporate bitcoin accumulation, albeit at a slower pace. Between March 16 and March 22, the company acquired 1,031 BTC for $76.6 million at an average price of $74,326 per coin, funded through common stock sales. This contrasts with the prior two weeks, when Strategy deployed over $1 billion into bitcoin via equity and preferred share offerings, signaling a more measured approach. Strategy now holds 762,099 BTC, purchased for approximately $57.7 billion at an average cost of $75,694 per coin.
Disclaimer: Bitcoin Magazine is owned by Nakamoto Inc. (NASDAQ: NAKA). Nakamoto Inc. also owns UTXO Management.