Capital B, positioning itself as Europe's first Bitcoin Treasury Company, has acquired 44 BTC for €2.7 million, increasing its total holdings to 2,888 bitcoin. The move reflects growing corporate adoption of bitcoin treasury strategies among European firms and signals continued institutional appetite despite market volatility.
Strategic Capital Raises Fund BTC Acquisition
The company executed multiple fundraising operations to support its latest bitcoin purchase. Capital B raised €0.5 million through an at-the-market equity offering with TOBAM, issuing approximately 670,000 new shares at €0.76 each. An additional €3 million came through share subscription warrants, with TOBAM subscribing €2 million and UTXO Management contributing €1 million.
The combined capital raises funded both the bitcoin acquisition and the company's broader treasury operations. Luxembourg-based Swissquote Bank Europe SA, operating as a registered virtual asset service provider, executed the purchase and provides custody through Taurus technology. The firm maintains a separate operational reserve of 60 BTC outside its treasury holdings.
Performance Metrics and Market Context
Capital B reported a year-to-date BTC Yield of 0.72%, representing a gain of 20.4 bitcoin valued at €1.2 million. The company's average acquisition cost sits at €92,495 per bitcoin, with total investment reaching €267.1 million. The firm trades on Euronext Growth Paris and operates across data intelligence, AI, decentralized technology consulting, and corporate treasury services.
The acquisition occurred as bitcoin rebounded to $71,000 following easing geopolitical tensions. Meanwhile, Strategy (formerly MicroStrategy) continued its accumulation strategy, though at a slower pace, acquiring 1,031 BTC between March 16-22 for $76.6 million—significantly less than the over $1 billion deployed in previous weeks.
For blockchain professionals, the growth of Bitcoin treasury companies in Europe creates emerging opportunities in treasury management, custody operations, and corporate finance roles specifically focused on digital asset strategies. These firms require specialized talent combining traditional finance expertise with deep understanding of bitcoin custody, regulatory compliance, and corporate governance frameworks adapted for cryptocurrency holdings.
