France-based Capital B (The Blockchain Group, ISIN: FR0011053636, ticker: ALCPB) finalized a series of capital raises totaling $4.05 million (€3.5 million) on March 23, 2026, using an “At-the-Market” (ATM) type equity issuance and warrant subscription agreements. The proceeds were used to acquire 44 bitcoin (BTC) for approximately $3.12 million (€2.7 million), bringing the firm’s total corporate treasury to 2,888 BTC with an aggregate acquisition cost of $309.34 million (€267.1 million).
Partnership and Capital Structure
The financial restructuring was executed in partnership with TOBAM and UTXO Management. TOBAM provided the ATM facility, while UTXO Management participated through share subscription warrants. Capital B is headquartered in Puteaux, France, and listed on Euronext Growth Paris. The company stated that this specific transaction did not require a prospectus subject to approval by the French Financial Markets Authority (AMF).
Key Performance Metrics
As of the announcement date, Capital B reported a year-to-date BTC yield of 0.72% and a total bitcoin gain of 20.4 tokens. These figures demonstrate the company’s ability to grow its bitcoin holdings despite market volatility. The latest purchase follows a prior acquisition of 12 BTC earlier in March 2026, solidifying Capital B’s position as one of the largest publicly traded bitcoin holders in Europe.
Strategic Focus on Data and Decentralized Technology
Capital B specializes in data intelligence and decentralized technology. The capital increase and bitcoin accumulation reinforce its commitment to a “bitcoin-first” treasury strategy. With traditional firms still cautious about crypto exposure, Capital B’s aggressive accumulation signals growing institutional acceptance of digital assets as a reserve asset. The involvement of TOBAM, a quantitative investment firm, and UTXO Management, a bitcoin-focused fund, adds credibility to the transaction.
FAQ
Where is Capital B headquartered and listed? The company is based in Puteaux, France, and listed on Euronext Growth Paris (ticker: ALCPB).
What is the total bitcoin holding for the group? The group and its Luxembourg subsidiary now hold a total of 2,888 BTC.
Who participated in the recent capital raises? TOBAM and UTXO Management provided the funding through ATM contracts and share subscription warrants.
Does this transaction require a local AMF prospectus? This specific financial transaction does not require a prospectus subject to approval by the AMF.