TL;DR:
- Capital B asks its shareholders to authorize raising up to $122 billion in new capital instruments and debt to purchase more Bitcoin.
- The proposal includes up to €5 billion in capital increases and $116 billion in credit instruments. The vote is scheduled for June 17.
- Capital B shares fell 7% following the announcement and are down 44% over the past six months. Bitcoin retreated 19.4%.
Capital B aims to become one of Europe’s largest corporate Bitcoin treasuries. The company submitted a proposal to its board of directors to obtain shareholder authorization and raise up to $122 billion in new financial instruments aimed at accelerating BTC accumulation.
According to Alexandre Laizet, Bitcoin Strategy Director at Capital B, the request contemplates up to €5 billion ($5.8 billion) in capital increases through the issuance of 125 billion shares at the current nominal value, plus $116 billion in credit instruments.
🟠 Dear Shareholders, in line with the deployment of $ALCPB 🇫🇷 $CPTLF 🇺🇸 Bitcoin Treasury Company strategy, we are submitting to your approval a new delegation of authority to the Board of Directors allowing the establishment of a maximum capacity of 5 billion euros in nominal… https://t.co/G2dLYCxoHB pic.twitter.com/QSQZlXQkQS
— Alexandre Laizet ⚡️ (@AlexandreLaizet) June 1, 2026
Shareholders will be able to vote online until the company’s combined general meeting, scheduled for June 17. The motion was submitted two weeks after Capital B acquired 192 BTC for $15.2 million at an average price of $78,948 per unit, bringing its total treasury to 3,135 BTC.
On Monday, an additional purchase of 4 BTC was executed, bringing the total to 3,139 BTC. The company reported having raised approximately $325 million in capital to date, including a $17.8 million round with strategic investors such as Adam Back, CEO of Blockstream, and Paris-based asset manager TOBAM.
Capital B Faces Pressure from an Adverse Market
Capital B shares fell around 7% following the announcement and are trading at approximately $0.56, according to Yahoo Finance data. Over the past six months, the stock has accumulated a 44% decline. Over the same period, Bitcoin lost more than 19.4% of its value, according to TradingView. The company ranks 25th among the largest corporate Bitcoin treasuries globally and is the second largest in Europe, behind Germany’s Bitcoin Group SE, which holds approximately 3,605 BTC valued at around $250 million, according to BitcoinTreasuries data.
The firm’s expansive proposal contrasts with the behavior of other companies in the sector. Sequans Communications announced the closure of its digital asset treasury strategy and plans to liquidate its 658 BTC to refocus on semiconductors for the Internet of Things. Meanwhile, Strategy, Michael Saylor’s firm, sold 32 BTC on Monday to fund the distribution of its preferred shares, marking the first reported Bitcoin sale since 2022.
