French Bitcoin treasury company Capital B has bought 376 Bitcoin for €25.3 million, or about $29.5 million, bringing its total holdings to 3,521 BTC.
According to a Monday announcement, the purchase was funded after Capital B completed roughly €30.1 million in capital raises, including a private placement backed by Adam Back and TOBAM.
The company said it bought the Bitcoin at an average price of €67,182 per coin. Swissquote Bank Europe executed the purchase, while Taurus provided custody.
Capital B has now spent a total of €309.4 million building its Bitcoin treasury, at an average cost of €87,878 per BTC. Data from BitcoinTreasuries.net shows the latest purchase moved the company to 25th place among publicly traded companies by Bitcoin holdings.
This was Capital B’s largest Bitcoin acquisition since September 2025, when it purchased 551 BTC for €54.7 million.
The company also holds 61 BTC for operational purposes. Those coins are kept separate from its treasury reserve and are excluded from its Bitcoin-related performance metrics.
Public companies remain split on Bitcoin treasury strategies
While some firms are reducing exposure, others are still adding to their positions. The report cited K Wave Media and Sequans Communications as companies that have moved to unwind their Bitcoin treasuries.
Japan-based Metaplanet acquired 2,823 BTC in the second quarter for about $222 million, taking its total holdings to 43,000 BTC. The company paid an average of roughly $78,850 per Bitcoin during the quarter. According to BitcoinTreasuries.net, Metaplanet is now the third-largest publicly traded corporate Bitcoin holder, behind Michael Saylor’s Strategy and Twenty One Capital.
In August, Sweden-based H100 Group more than tripled its Bitcoin holdings after acquiring Norwegian companies that held 2,455 BTC. The all-share transaction lifted H100’s treasury to 3,506 BTC, making it Europe’s second-largest publicly traded corporate Bitcoin holder at the time.
Capital B’s latest purchase puts it 15 BTC ahead of H100. Both companies, however, still remain behind Germany’s Bitcoin Group SE, which holds 3,605 BTC.
Strategy, the world’s largest corporate Bitcoin holder, also resumed buying in August after a two-month pause. It acquired 4,603 BTC for $370 million, taking its holdings to 845,050 BTC. The company’s combined acquisition cost stands at $63.3 billion.