Capital B, listed on Euronext Growth Paris, expanded its Bitcoin treasury after acquiring 37 BTC valued at €2.3 million. The purchase lifted its total holdings to 2,925 BTC, confirming continued accumulation through structured institutional transactions.
The transaction was executed through Swissquote Bank Europe SA using Taurus custody technology. The company reported total Bitcoin reserves valued at €269.4 million. The average acquisition cost stands at €92,096 per BTC.
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Bitcoin Treasury Strategy Expands
According to the announcement, the company remains committed to being a Bitcoin treasury-oriented public entity in Europe. Its business strategy is based on increasing exposure to Bitcoin via capital market transactions. This recent acquisition is consistent with the strategy.
Additionally, Capital B executed some capital transactions with institutional investors. Blockstream Capital Partners exchanged 17,897,600 OCA B-01 bonds for 32.9 million shares. They also acquired 4.7 million new shares for €2.55 million.
However, UTXO Management converted 2,020,372 bonds for 3.71 million shares. It also purchased 530,559 shares worth €0.29 million. These transactions led to an expansion of the company’s equity base.
Overall, there were over 36.6 million shares issued after exchanging the bonds. There is an issuance of another 5.23 million shares from subscriptions. The firm asserted that such measures have fortified its capital structure.
BTC Yield and Gain Performance
The company has also announced that 4,464,712 BSA 2025-01 warrants have been exercised by the holders of the warrants. This has led to the conversion of 637,816 shares. This process yielded a total of €0.35 million before expiry on April 10, 2026.
A portion of the proceeds was used in financing the most recent Bitcoin acquisition. The performance is measured using internal Bitcoin treasury indicators. These indicators measure growth in the number of Bitcoins relative to share dilution.
Report figures show a BTC yield of 1.25% YTD and 0.53% QTD. Gains from BTC amount to 35.3 BTC YTD and 15.2 BTC QTD. The gains in euros are €2.2 million YTD and €0.9 million QTD.
These indicators are non-financial performance indicators used internally by the company. They are used for tracking efficiency in the accumulation of cryptocurrency.
Bitcoin Reserves Growth and NAV Tracking Strategy
Furthermore, Capital B said that the net asset value of Bitcoin is measured based on market prices before every reporting period. Apart from treasury reserves, the firm currently has 60 BTC for internal operations. These reserves are held separately from treasury funds.
The company has been able to increase its reserves via several transactions within the past few months. For instance, it bought 2 BTC worth €0.1 million in March 2026. Similarly, it made purchases in February involving small quantities at varying prices.
One notable transaction happened in September 2025 when the corporation bought 551 BTC at €99,272 per coin. Through this transaction, it increased its overall reserves to more than 2,800 BTC.
As of writing, Bitcoin currently trades around $70,820, according to CoinMarketCap. Market volatility has prevailed in recent periods. Nevertheless, Capital B remains committed to increasing its Bitcoin treasury through institutional investors.
Also Read: Bitcoin Holds Support Near $70,000 Despite Ongoing Selling Pressure
