Europe’s first Bitcoin treasury company Capital B has announced a new capital raise and share conversion as part of its ongoing Bitcoin treasury strategy. The company confirmed the conversion of 19,917,972 OCA B-01 instruments held by Blockstream Capital Holdings and UTXO Management. It also announced a capital raise of approximately $3.23 million (€2.8 million). The funds are expected to support additional Bitcoin accumulation as the firm expands its treasury strategy.
The announcement arrives amid increased Bitcoin volatility. The digital asset currently trades near $67,500, with corporate treasury strategies continuing to gain traction among publicly listed firms.
Capital B Converts 19.9 Million OCA B-01
Capital B confirmed the conversion of 19,917,972 OCA B-01 instruments held by institutional investors. Blockstream Capital Holdings converted 17,897,600 OCA B-01 into 32,900,000 new shares, while UTXO Management converted 2,020,372 OCA B-01 into 3,713,919 shares.
In total, the conversion resulted in 36,613,919 new shares issued. The transaction increases the equity participation of both investors while aligning with Capital B’s strategy of raising capital to expand Bitcoin holdings. Both entities have been key participants in the firm’s Bitcoin treasury strategy, supporting Capital B’s capital-raising initiatives aimed at increasing Bitcoin per share.
$3.23 Million Capital Raise to Expand Bitcoin Treasury
In addition to the share conversion, Capital B announced a capital raise totaling approximately $3.23 million (€2.8 million). Blockstream Capital Holdings subscribed to 4,700,000 new shares at approximately $0.63 (€0.544) per share, representing roughly $2.95 million (€2.5568 million).
UTXO Management subscribed to 530,559 shares at the same price, representing approximately $334,000 (€288,600). In total, 5,230,559 new shares were issued as part of the capital raise.
At Bitcoin’s current price near $67,500, the capital raise would enable Capital B to acquire approximately 47.8 BTC if allocated entirely toward Bitcoin purchases. The potential acquisition would further expand the company’s treasury holdings.
Capital B’s Bitcoin Treasury Strategy
Capital B’s current strategy focuses on increasing Bitcoin per share through capital raises, such as the current development, and long-term accumulation. The firm aims to raise capital through equity issuance and deploy proceeds into Bitcoin purchases. The company currently holds approximately 2,888 BTC following recent acquisitions.
Capital B’s long-term objective is to accumulate up to 1% of total Bitcoin supply over time. This approach mirrors treasury strategies adopted by firms such as Strategy, Metaplanet, and Semler Scientific.
Strategy, for instance, recently raised significant capital through its perpetual stock offering, STRC, to buy more BTC. The firm currently controls 3.7% of Bitcoin’s supply, holding 762,099 BTC.
Capital B is listed on Euronext Paris under the ticker ALCPB and has positioned itself among public companies holding Bitcoin reserves. The company’s market capitalization currently stands near $158 million (€138 million), reflecting investor interest in Bitcoin treasury-focused firms. With additional funding now secured, Capital B’s next moves will center on continued Bitcoin accumulation as the corporate treasury race expands.
The CoinRemark Team
Temitope Olajide
Evans Kelvin
