Capital B Adds 376 Bitcoin, Treasury Now Holds 3,521 BTC

Capital B SA, the French holding company that describes itself as Europe’s first Bitcoin Treasury Company, has finalized a €28.7 million private placement and used the proceeds to buy 376 bitcoin for €25.3 million.

The purchase lifts the group’s total treasury to 3,521 BTC, worth about €309.4 million at an average acquisition cost of €87,878 per bitcoin, according to a company press release.

The firm, listed on Euronext Growth Paris under the ticker ALCPB, completed the financing through a €1.44 million ATM increase and a share placement subscribed in two tranches.

A Capital Raise Backed by Adam Back and TOBAM The €28.7 million placement was subscribed by global institutional investors including strategic investors Adam Back and TOBAM, at €0.58 per share, with four subscription warrants attached to each share.