French Bitcoin Treasury Firm Reports 1,519% YTD Yield Amid Aggressive Accumulation
French-listed investment firm Capital B has announced the purchase of an additional 126 Bitcoins, spending roughly €12.4 million ($14.4 million) to boost its total treasury holdings to 2,201 BTC. The company revealed the acquisition on X, noting that its Bitcoin yield from the start of the year has surged to an impressive 1,519.5%.
According to the company, the latest buy was executed at an average price of €98,746 ($114,968) per Bitcoin. Funding came entirely from fresh capital injections, which included €8.7 million ($10.1 million) from Peak Hodl Ltd and €5 million ($5.8 million) from the TOBAM Bitcoin Alpha Fund. Banque Delubac & Cie, a registered Digital Asset Service Provider (DASP) with France’s AMF, handled the purchase, while custody was entrusted to Swiss digital infrastructure specialist Taurus.
The move forms part of Capital B’s long-term strategy as Europe’s first publicly listed Bitcoin Treasury Company, aiming to steadily increase the BTC amount per fully diluted share. The firm’s Bitcoin net asset value now exceeds €217 million ($252.6 million), underscoring its strengthened position in the market.
Alongside these purchases, Capital B completed notable equity conversions. TOBAM converted 1.5 million OCA A-02 notes into 2.1 million shares, while Fulgur Ventures turned 4.76 million OCA B-01 notes into 8.75 million shares. These transactions expanded the company’s fully diluted share count to 331.2 million.
Despite the share dilution, Capital B has surpassed its treasury performance benchmarks, reporting a year-to-date BTC gain of 607.8 BTC and an increase in Bitcoin-denominated value of over €60 million ($69.8 million).
Combining equity financing with targeted Bitcoin acquisitions, Capital B continues to enhance shareholder exposure to the asset while reinforcing its role as a leading player in Europe’s Bitcoin investment landscape, even in the face of market volatility.
