Capital B, formerly known as the Blockchain Group, has added 58 Bitcoins to its treasury, pushing its total holdings beyond the 2,000 BTC mark.
The company, recognized as Europe’s first Bitcoin treasury, acquired the new BTC tranche for €5.9 million (approximately $6.9 million), funded through a series of capital increases.
On July 22, Capital B completed an “ATM-type” capital raise with asset manager TOBAM, issuing shares at €4.10 each to raise €1.6 million—enough to purchase 14 BTC. Just a week earlier, on July 15, the firm raised €5 million through another share issuance at €4.01 per share. The round was fully subscribed by prominent Bitcoin advocate Adam Back and facilitated the purchase of 44 BTC for €4.5 million.
The combined purchases bring Capital B’s total Bitcoin holdings to 2,013 BTC, with an average value of €90,863 per Bitcoin (around $106,448).
At the time of writing, Bitcoin has climbed 0.67% over the past 24 hours, recovering from an earlier low of $117,914. The leading cryptocurrency is currently trading at $119,012, after hitting a daily high of $119,754. This price uptick has pushed Bitcoin’s market capitalization up by 0.9%, bringing it closer to the $2.3 trillion mark.
Europe’s First Bitcoin Treasury Gains Momentum
Over the past year, Capital B’s Bitcoin holdings have delivered an impressive BTC yield of 1,409.8%. The company also recorded a BTC gain of 563.9 BTC and a ‘BTC per € gain’ totaling approximately €57.6 million.
In recent months, Capital B has ramped up its ongoing Bitcoin accumulation strategy, especially following Bitcoin’s surge during the July rally.
Just a week earlier, the firm acquired an additional 22 BTC through a series of share-related capital increases, bringing its total holdings close to the 2,000 BTC milestone.
In early July, while still operating under the name Blockchain Group, Capital B revealed plans to finalize its listing on the U.S. OTCID market—a regulated platform designed to give international companies greater access to U.S. investors.
