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Capital B buys 376 BTC for $29.4M, raising its bitcoin treasury to 3,521 BTC despite current market value below cost.

Protocol Fundamentals
07 Sep 2026
Bitcoin
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Neutral
Capital B buys 376 BTC for $29.4M, raising its bitcoin treasury to 3,521 BTC despite current market value below cost.

Capital B, listed in France, purchased 376 bitcoin for $29.4 million, increasing its total bitcoin holdings to 3,521 BTC. The acquisition was funded through recent equity raises involving investors like Adam Back and TOBAM. Although the market value of the bitcoin treasury is about $80 million below its total acquisition cost of $359.3 million, Capital B continues to expand its bitcoin exposure, betting on future price gains. This strategy carries risks due to bitcoin's volatility and potential dilution from ongoing equity issuance.

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