Overview
- Capital B filed Monday to consolidate every ten existing shares into one new share, reducing outstanding stock from 300,650,632 to 30,065,063 with consolidated shares set to begin trading on September 8, 2026.
- The exchange window runs from August 6 through September 7, the company set September 9 as the record date and September 10 for settlement with cash payments for fractional entitlements expected to start on September 14.
- Convertible bond conversions and warrant exercises will be suspended from August 17 through September 10 and the company will multiply bond conversion prices by 10 and divide warrant ratios and certain share entitlements by 10 after the split.
- The board says the move is a purely technical restructuring that does not add bitcoin or raise fresh capital, and Capital B will retain its reported 3,139 BTC treasury during and after the consolidation.
- The split follows June shareholder approvals that gave the board broad authority for future equity and credit financing and could make the stock more accessible to funds with minimum‑price rules while changing dilution math that investors must model for bitcoin‑per‑share metrics.