Capital B SA, Europe’s first publicly listed Bitcoin Treasury Company, has added 4 Bitcoin to its holdings for about €0.27 million. The purchase came after the company completed a capital increase that raised €249,651 through the issue of 44,227 new ordinary shares. The latest acquisition takes Capital B’s total Bitcoin holdings to 3,525 BTC. The company is using measured, equity-funded purchases to expand its Bitcoin treasury, a strategy that differs from the much larger-scale approach followed by Strategy and the faster accumulation model used by Strive.
Capital B announced the latest Bitcoin purchase on September 14, 2026. The company is listed on Euronext Growth Paris under the ticker ALCPB and also trades in the US under the ticker CPTLF.
https://x.com/_ALCPB/status/2099379312189423998?s=20
The purchase followed the completion of a capital increase. Capital B raised €249,651.04 by issuing 44,227 new ordinary shares at an average subscription price of €5.64 per share.
The shares were issued under an “ATM”-type capital increase contract with TOBAM. The decision to carry out the transaction was taken by the company’s chief executive under authority granted by the board of directors.
That authority came from the 16th resolution approved by shareholders at the company’s general meeting on June 17, 2026. The subscription price also reflected an adjustment linked to a reverse stock split that took effect following an announcement on September 8.
The latest purchase may appear small compared with the Bitcoin acquisitions made by some larger corporate treasury companies. However, Capital B is following a different model, gradually increasing its Bitcoin holdings through equity financing within a European listed-company framework.
Strategy, formerly known as MicroStrategy, operates on a much larger scale. As of mid-September, Strategy held 845,050 BTC, representing more than 4% of Bitcoin’s fixed supply. Its average acquisition cost was approximately $75,412 per coin.
Strategy has used at-the-market sales of both common and preferred shares to help finance its Bitcoin purchases. It has also recently balanced Bitcoin accumulation against preferred-stock buybacks, dividend obligations and cash reserves.
Strive has adopted another approach. The company has focused on faster Bitcoin accumulation through a preferred-stock structure. Its SATA preferred shares are designed to provide a financing route while potentially limiting dilution for common shareholders when the preferred stock trades around its stated value.
Capital B, meanwhile, has continued with smaller, equity-financed additions. As of September 14, Capital B and its subsidiary Capital B Luxembourg SA held 3,525 BTC with a total acquisition value of €309.7 million.
The company’s average acquisition cost stood at €87,854 per Bitcoin.
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