Overview
- Capital B used proceeds from completed capital raises to buy 376 BTC, a transaction the company confirmed on Sept. 7 that raises its strategic treasury to 3,521 BTC.
- The purchase cost about €25.3 million at an average near €67,200 per coin and pushes Capital B’s aggregate Bitcoin cost basis to €309.4 million, or roughly €87,878 per BTC.
- Two private placements that together raised about €28.7 million included subscriptions from Adam Back and TOBAM and issued shares bundled with subscription warrants that financed the trade.
- Swissquote Bank Europe executed the trade and custody infrastructure was provided by Taurus, reflecting Capital B’s use of regulated third‑party execution and custody for its treasury program.
- A 10‑for‑1 reverse stock split took effect Sept. 8 and nearly 198 million warrants remain outstanding, which could inject more capital if exercised while diluting existing shareholders and changing BTC per‑share math.