Europe’s First Bitcoin Treasury Expands Holdings to 2,818 BTC

TLDR:

  • Capital ₿ acquired 6 BTC for €0.6M, bringing total Bitcoin holdings to 2,818 BTC worth €262.7M.
  • The company paused its ATM-type capital increase program after completing its latest share issuance.
  • Capital ₿ reported a 1,657.7% BTC Yield YTD, with a €63.8M Bitcoin gain across its portfolio.
  • The move reinforces Capital ₿’s strategy as Europe’s first listed Bitcoin Treasury company.

Europe’s first Bitcoin Treasury company is tightening its focus on accumulation. 

Capital ₿, listed on Euronext Growth Paris under ticker ALCPB, announced a fresh purchase of 6 BTC worth €0.6 million while pausing its “ATM-type” capital increase program with TOBAM. 

The move reflects a shift toward strengthening its Bitcoin position rather than issuing more shares. The company’s Bitcoin holdings now stand at 2,818 BTC, valued at €262.7 million.

Capital ₿ Strengthens Bitcoin Holdings Amid Program Suspension

In a release shared on October 20, 2025, and confirmed via posts by Capital ₿ and Alexandre Laizet, the company disclosed the purchase of 6 BTC at an average price of €96,231 per coin. 

The acquisition followed the final completion of a €0.6 million capital increase priced at €1.18 per share under its agreement with TOBAM.

Following the transaction, Capital ₿ temporarily suspended the ATM-type program that allowed flexible share issuances. The company cited volatile share performance during the subscription period, with the new share price carrying a 60.8% premium compared to the prior closing price.

The recent activity pushes Capital ₿’s total Bitcoin position to 2,818 BTC, consolidated through its subsidiary, 

The Blockchain Group Luxembourg SA. The firm’s Bitcoin yield now stands at 1,657.7% year-to-date and 0.1% quarter-to-date, marking one of the most aggressive accumulation strategies by a European-listed entity.

BTC Yield and Growth Define Capital ₿’s Treasury Strategy

According to Capital ₿’s filing, the company’s BTC gain reached 663.1 BTC YTD, with an additional 2.6 BTC QTD. The euro-denominated gain totaled €63.8 million since January, further cementing the firm’s treasury performance in 2025.

Capital ₿ said the latest capital raise involved 499,600 newly issued shares, subscribed by TOBAM’s funds, including the Bitcoin Enhanced Fund and Bitcoin Alpha Fund. These issuances were conducted under delegated authority from the June 2025 shareholders’ meeting.

The firm stated it remains committed to its Bitcoin Treasury Company model, which focuses on increasing Bitcoin per fully diluted share over time. A presentation outlining this strategy is available on the company’s website.

As of publication, Capital ₿ maintains its position as a leading Bitcoin treasury player in Europe, combining digital asset accumulation with active consulting and AI-driven subsidiaries.

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Source: https://blockonomi.com/europes-first-bitcoin-treasury-expands-holdings-to-2818-btc/