Capital B Scores Big with €11.5 Million Funding to Fuel Bitcoin Treasury Strategy
French Bitcoin treasury company Capital B has just secured a whopping €11.5 million in funding through a combination of equity and convertible bonds from TOBAM Bitcoin Alpha Fund. This significant investment will enable Capital B to expand its cryptocurrency holdings, making it an even more prominent player in the European Bitcoin market.
Details of the Funding
The funding package includes a €5 million capital increase at €2.90 per share and €6.5 million in convertible bonds issued through Capital B’s Luxembourg subsidiary, The Blockchain Group Luxembourg SA. This strategic move is expected to allow Capital B to acquire approximately 160 additional Bitcoin, bringing its total potential holdings to 2,173 BTC. As Europe’s first listed Bitcoin treasury company, Capital B is poised to make a significant impact on the continent’s cryptocurrency landscape.
Convertible Bonds and Bitcoin Accumulation
The convertible bonds come with a five-year maturity and conversion prices ranging from €3.66 to €4.75 per share. Notably, 95% of the proceeds will be designated for Bitcoin acquisition, demonstrating Capital B’s commitment to its treasury strategy. This approach has already yielded impressive results, with the company’s ALTBG strategy component delivering a staggering 2,275% return from November 2024 to July 2025 – far outpacing Bitcoin’s 58% gain during the same period.
Corporate Bitcoin Adoption on the Rise
Capital B’s funding deal coincides with a growing trend of corporate Bitcoin adoption worldwide. MicroStrategy, for example, recently acquired 21,021 BTC for $2.46 billion, bringing its total holdings to 628,791 BTC. Similarly, Metaplanet and Smarter Web Company have also made significant investments in Bitcoin, with the latter surpassing 2,000 Bitcoin holdings. This surge in corporate adoption is a testament to the increasing recognition of Bitcoin’s value as a store of wealth and a hedge against market volatility.
Experts Weigh In on Treasury Strategy Sustainability
While corporate treasury strategies are gaining traction, some experts have raised concerns about their sustainability. Maelstrom Fund CIO Arthur Hayes warned that Bitcoin could retreat to $100,000 amid macroeconomic headwinds, while VanEck’s Matthew Sigel criticized at-the-market programs that become dilutive when stock prices approach Bitcoin’s net asset value. Despite these concerns, over 287 firms now hold more than 3.64 million Bitcoin combined, demonstrating the growing appeal of Bitcoin as a treasury asset.
In conclusion, Capital B’s €11.5 million funding deal marks a significant milestone in the company’s journey to become a leading Bitcoin treasury company in Europe. As corporate Bitcoin adoption continues to accelerate, it will be interesting to see how Capital B and other companies navigate the complexities of treasury strategy sustainability and the ever-evolving cryptocurrency landscape.
