Capital B Expands Bitcoin Holdings to 2,249 BTC, Yield Hits 1,536%

Capital B, a Paris-listed company known as Europe’s first Bitcoin Treasury Company, has confirmed a major update in its Bitcoin strategy. The firm announced the acquisition of an additional 48 BTC for €4.7 million. This brings its total Bitcoin holdings to 2,249 BTC. Alongside the increase, the company reported a year-to-date Bitcoin yield of 1,536.6%. A striking result that reflects its aggressive strategy and the broader strength of Bitcoin’s market performance in 2025.

Steady Growth Through Capital Increases

The company’s latest purchases were made possible through a series of capital increase operations. These were carried out in early September and supported by partners such as TOBAM and Fulgur Ventures. One of the deals was an “ATM-type” capital increase with TOBAM. It is valued at €1.8 million, which allowed Capital B to secure 17 BTC. Another deal involved the TOBAM Bitcoin Alpha Fund, which fully subscribed to a €2.5 million increase. This resulted in the purchase of 24 BTC. 

Finally, Fulgur Ventures subscribed to 1.25 million new shares at €0.544 per share. This contributed €0.7 million and enabled the acquisition of 7 BTC. Altogether, these actions added 48 BTC to the company’s reserves. The firm’s strategy is clear: raise capital through targeted agreements and direct the proceeds into Bitcoin acquisitions.

Strengthening Position in the Bitcoin Treasury Model

Capital B has positioned itself as a pioneer in the “Bitcoin Treasury Company” model in Europe. Unlike traditional firms that hold Bitcoin as a side allocation. Capital B integrates Bitcoin directly into its treasury management and long term strategy. The goal is not just to accumulate BTC. But to steadily increase holdings per share, creating value for shareholders over time.

As of September 15, Capital B and its subsidiary in Luxembourg hold 2,249 BTC. The total acquisition value stands at €206.3 million. Based on an average price of €91,718 per Bitcoin. The company also reported a “BTC Gain” of 614.6 BTC year-to-date and 346.8 BTC in the last quarter alone. In monetary terms, this equals a €60.6 million gain since the start of the year.

Partnerships Driving Momentum

Capital B’s strategy has been supported by strong institutional partnerships. TOBAM, through its various Bitcoin funds, has repeatedly participated in Capital B financing rounds. These contributions not only provided capital. But also reinforced market confidence in the company’s treasury focused approach. Fulgur Ventures has also played a role, subscribing to shares as part of the company’s legal adjustment measures. 

Meanwhile, the ongoing capital increase with Adam Back , the CEO of Blockstream and a prominent Bitcoin advocate. It could add around 18 more BTC to the company’s reserves. If completed, this would push Capital B’s total holdings close to 2,267 BTC. Such backing from recognized players highlights the company’s credibility. It underlines the growing interest in Bitcoin focused corporate strategies.

Broader Market Impact

Capital B’s steady accumulation of Bitcoin mirrors a larger trend among publicly listed companies and funds worldwide. As the market matures, firms are exploring ways to treat Bitcoin not just as an asset but as a core part of treasury management. With Bitcoin trading above €90,000, the company’s approach has already delivered remarkable gains. The 1,536.6% year-to-date yield. And 19.4% quarter-to-date yield suggests that its long term bet on Bitcoin is paying off. At the same time, the company continues to invest in its subsidiaries in data intelligence, AI, and decentralized technologies. While maintaining a balance between financial strategy and operational growth.

Looking Ahead

Capital B’s path forward seems clear: continue raising capital through strategic partnerships. Additionally, convert the proceeds into Bitcoin and grow its holdings per share. The model sets it apart from many traditional firms and places it among the leading corporate Bitcoin holders in Europe. If the ongoing capital increase with Adam Back is finalized. The company will further solidify its role as a frontrunner in the Bitcoin Treasury space. Currently, with 2,249 BTC already secured and a strong yield to show. Capital B has strengthened its market position and its reputation as a company built around Bitcoin.