Capital B Secures €3 Million to Enhance Bitcoin Treasury Assets
On Tuesday, Capital B, also recognized as The Blockchain Group, revealed that it has successfully raised €3 million in capital along with modifications to its existing convertible bonds. This initiative is part of the company’s strategy to expedite its Bitcoin treasury expansion.
The firm listed in Paris disclosed that the funding comprises €2 million obtained through share subscription warrants from TOBAM and an additional €1 million from UTXO Management. The deal involves issuing 27.39 million warrants, each valued at €0.11 and convertible into ordinary shares.
The company indicated that the funds generated could facilitate the purchase of around 36 more bitcoins, potentially increasing their total holdings to 2,880 $BTC. This action aligns with Capital B’s goal of progressively enhancing bitcoin exposure on a per-share basis.
In conjunction with this capital raise, adjustments were made to the conversion prices for three series of convertible bonds held by TOBAM.
The conversion price for tranche A-03 was lowered from €6.24 to €3.12 per share; tranche A-04 saw a reduction from €5.174 to €2.59; and tranche A-05 decreased from €3.656 to €1.83.
The updated terms introduce further benefits for bondholders as well—upon conversion, each bond will now provide a share subscription warrant valid for two years. Moreover, conditions related to share price thresholds have been eliminated for tranches A-03 and A-04, enabling holders greater flexibility in converting their bonds at any time.
Pioneering Bitcoin Treasury Company in Europe
According to Capital B’s statements regarding these changes aim at improving investor flexibility while bolstering its treasury strategy execution efforts. The company has established itself as Europe’s inaugural “Bitcoin Treasury Company,” focusing on accumulating bitcoin as a fundamental asset on its balance sheet while increasing bitcoin per fully diluted share over time.
The exercise price set for newly issued warrants will be determined based on whichever is higher between €1.01 or a metric linked directly with the company’s bitcoin reserves known as “mNAV 1.1.” This metric signifies a premium of 10% over the calculated value per share concerning those reserves on a fully diluted basis.
This transaction was executed under an existing shareholder authorization granted during June’s general meeting in 2025 which permits capital increases without preferential rights being offered first to current shareholders but instead favoring select investors.
Capital B operates across various sectors including data intelligence solutions, artificial intelligence advancements and decentralized technology consulting but has begun prioritizing bitcoin accumulation within its corporate framework strategically moving forward.
This announcement reflects an overarching trend among companies embracing treasury strategies centered around bitcoin utilizing financial market instruments aimed at amplifying their exposure towards it.
For instance:
A recent disclosure by Strategy led by Michael Saylor revealed they acquired an additional 22,337 bitcoins valued approximately $1 .57 billion resulting thus raising total holdings up-to761068 $BTC, collectively worth about $50 billion dollars!....
*Disclaimer: Bitcoin Magazine is owned by Nakamoto Inc (NASDAQ:Naka). Nakamoto Inc also owns UTXO Management.*
This article titled “Capital B Secures €3 Million To Enhance Bitcoin Treasury Assets,” originally appeared on Bitcoin Magazine authored by Micah Zimmerman.