European Companies Embracing Bitcoin Treasury Strategies
French Bitcoin treasury company Capital B has made a significant purchase of 126 Bitcoin for approximately €12.4 million, bringing its total holdings to 2,201 BTC worth roughly €201.5 million at acquisition cost. This move is part of the company’s aggressive Bitcoin accumulation strategy, which has seen its holdings grow from just 15 BTC in November 2024 to over 2,200 coins today.
Strategic Capital Raises Fund for Aggressive Bitcoin Accumulation
The latest acquisition was financed through strategic capital increases totaling €13.7 million from institutional investors Peak Hodl Ltd and TOBAM. Peak Hodl Ltd invested €8.7 million at €3.47 per share, receiving 2.5 million new ordinary shares, while TOBAM contributed €5 million at €2.90 per share through 1.7 million newly issued shares. These transactions have enabled Capital B to purchase 80 Bitcoin for approximately €7.9 million and 46 Bitcoins worth around €4.5 million, respectively.
Capital B’s acquisition timeline shows purchases accelerating from March 2025 onwards, with holdings growing from 620 BTC in March to 1,788 BTC by June before reaching the current 2,201 BTC. The company’s average Bitcoin acquisition cost is €91,568 per coin across its 2,201 BTC portfolio, with a current market value of €217.3 million based on recent purchase prices.
European Bitcoin Treasury Model Gains Institutional Momentum
Capital B’s rapid Bitcoin accumulation illustrates the accelerating institutional adoption of cryptocurrency treasury strategies across Europe. The company’s stock has delivered 2,275% returns compared to Bitcoin’s 58% gain during the same period, according to strategy update documents from July 2025. This success is part of a broader trend of European firms following MicroStrategy’s pioneering Bitcoin treasury approach, but with a more distinct regulatory framework and financing mechanisms.
Other companies, such as UK-based Smarter Web Company and Parataxis Holdings, are also embracing Bitcoin treasury strategies. However, industry analysts have raised concerns about the sustainability of these strategies, particularly regarding potential market volatility and shareholder dilution risks. Despite these concerns, over 287 companies now collectively hold more than 3.64 million Bitcoin, suggesting institutional demand continues driving corporate treasury adoption.
Capital B has authorized up to €300 million in additional capital increases through its Luxembourg subsidiary structure, according to company filings. This move is expected to further accelerate the company’s Bitcoin accumulation strategy and solidify its position as one of Europe’s leading Bitcoin treasury companies.
