Key Takeaways:
Capital B asked shareholders to approve a €105 billion ($122 billion) financing package to accelerate its Bitcoin accumulation strategy, the French treasury company said Tuesday.
"We are submitting to your approval a new delegation of authority to the Board of Directors allowing the establishment of a maximum capacity of 5 billion euros in nominal amount of capital increases," Alexandre Laizet, board director of Bitcoin Strategy at Capital B, said in a post on X.
The proposal includes authorization for up to €5 billion ($5.8 billion) through the issuance of as many as 125 billion new shares at the current nominal value of €0.04, alongside €100 billion ($116 billion) in credit instruments. Capital B has already raised about $325 million from institutional investors, including a €15.2 million private placement in May that drew participation from Blockstream CEO Adam Back and Paris-based asset manager TOBAM.
If approved, the mandate would represent one of the largest corporate Bitcoin treasury expansions on record, potentially driving significant buying pressure on the largest cryptocurrency. The company has increased its holdings to 3,139 BTC after purchasing 192 BTC for about €13 million in May followed by an additional 4 BTC.
The proposal comes as several publicly traded Bitcoin treasury firms have moved in the opposite direction. Sequans Communications, a France-based semiconductor company, said last week it would end its digital asset strategy and monetize its remaining 658 BTC holdings. Strategy, formerly MicroStrategy, sold 32 BTC to fund distributions tied to its preferred stock program — its first reported Bitcoin disposal since a tax-loss transaction in 2022.
Nasdaq-listed Nakamoto disclosed an actively managed Bitcoin derivatives strategy designed to generate income from market volatility while hedging part of its reserves. A March 30 filing showed the company had sold 284 BTC worth approximately $20 million.
Capital B, which rebranded from The Blockchain Group in July 2025, has centered its business around increasing the amount of Bitcoin held per fully diluted share over time. Shareholders can vote online before the company's combined general meeting on June 17, with postal ballots due by June 12.
This article is for informational purposes only and does not constitute investment advice.
