Capital B, parent company of The Blockchain Group, confirmed Monday the completion of a €1.2 million capital increase, finalising an agreement with asset manager TOBAM and adding 12 Bitcoin to its holdings.
The company, listed on Euronext Growth Paris under the ticker ALCPB, said the new shares were issued at an average subscription price of €1.70 each. The move is part of an “ATM-type” capital increase program first announced on Sept. 23, 2025.
Capital Raise Details
Capital B issued a total of 706,000 ordinary shares to TOBAM funds, waiving existing shareholder preferential subscription rights. The breakdown included 305,000 shares allocated to TOBAM’s Bitcoin Enhanced Fund, 208,000 shares to the Bitcoin Alpha Fund, and smaller allocations across TOBAM’s Bitcoin Treasury Opportunities, BTC Linked and Blockchain Equity, and Global Blockchain Equity funds. The transaction raised €1,200,420.40, including share premiums. Prices per share ranged from €1.66 to €1.71 across the participating funds.
Bitcoin Holdings and Strategy
Following the transaction, Capital B said it acquired 12 Bitcoin at a total cost of €1.2 million. As of Sept. 29, the company and its Luxembourg subsidiary hold 2,812 Bitcoin, valued at €262.1 million at an average purchase price of €93,216 per coin. Since the start of 2025, the group reported a Bitcoin yield of 1,656.1%, equal to a gain of 662.4 BTC, representing €63.6 million in value.
Capital B has described its approach as a strategy to increase Bitcoin holdings per fully diluted share, while continuing to expand its subsidiaries’ activities in data intelligence, artificial intelligence, and blockchain consulting.
