TL;DR
- Capital B acquired 376 BTC for €25.3 million ($29.4 million), its largest purchase since September 2025, when it bought around 551 BTC.
- The transaction raised the firm’s total holdings to 3,521 BTC, acquired for €309.4 million at an average price of €87,878 per unit.
- The purchase was funded with proceeds from a private placement of €28.7 million, which included €7.6 million contributed by Adam Back.
French bitcoin treasury firm Capital B announced the acquisition of 376 BTC for €25.3 million ($29.4 million), its largest purchase of the asset so far this year. The transaction brought its total holdings to 3,521 BTC, accumulated for an aggregate value of €309.4 million ($359.3 million), implying an average purchase price of €87,878 ($102,058) per bitcoin, according to the company’s official statement.
The last time Capital B had recorded a larger acquisition was in September 2025, when it added 551 BTC to its portfolio. In contrast, during the month prior to this transaction it had only accumulated 6 BTC, which underscores the scale of this transaction.
Capital B: A Bet Funded with Private Capital
The purchase was made possible by funds raised in recently closed capital rounds, including a private placement of €28.7 million ($33.3 million). Within that round, Adam Back made an additional investment of €7.6 million ($8.8 million), raising his stake in the company to 17.64% on an ordinary share basis.
Capital B, originally known as The Blockchain Group, underwent a rebranding in July 2025 to align its identity with its bitcoin treasury strategy. In June of that same year, it had announced that it was exploring the development of a bitcoin-backed credit product for the European market, drawing on instruments similar to those of Strategy and Strive in the US market.
According to the latest data from CoinMarketCap, Bitcoin is trading around $78,850, with little variation over the past 24 hours. BTC had reached a local high of approximately $81,700 last Thursday before giving back some of those gains.
