Capital B Acquires 192 Bitcoin for €13 Million, Pushes Total Holdings to 3,135 BTC

A notable development has hit the crypto markets. Bitcoin Magazine Capital B Acquires 192 Bitcoin for €13 Million, Pushes Total Holdings to 3,135 BTC Capital B, the Paris-listed Bitcoin Treasury Company formerly known as The Blockchain Group, has completed the purchase of 192 bitcoin for €13. 0 million, bringing its total holdings to 3,135 BTC — one of the largest bitcoin reserves held by a European public company. The acquisition, announced May 18, 2026, was funded through three capital raises that together generated €17.

The raises included a €0. 85 million placement under an “at-the-market” (ATM) agreement with TOBAM, a €1. 1 million warrant issuance subscribed by cypherpunk and Blockstream CEO Adam Back, and a €15.

Market Dynamics

2 million private placement of shares with attached subscription warrants (ABSA) at €0. 66 per unit, placed with a group of global institutional investors. The 192 BTC were purchased at an average cost of €67,866 per bitcoin, according to a note shared with Bitcoin Magazine.

The company’s total bitcoin stack now carries an aggregate acquisition value of €283. 6 million, reflecting an average cost basis of €90,451 per coin. The acquisition was executed through Swissquote Bank Europe SA, a Luxembourg-registered virtual asset service provider, with custody handled via the Swiss firm Taurus.

Capital B’s bitcoin yield  Capital B tracks a proprietary performance metric called “BTC Yield” — a measure of bitcoin accumulation per fully diluted share — to assess the efficiency of its treasury strategy. Year-to-date, the company has recorded a BTC Yield of 1. 82%, a BTC Gain of 51.

Market Impact

3 BTC, and a BTC Euro Gain of €3. Since the start of the second quarter, those figures stand at 1. The private placement carried a warrant structure with three tranches, each with a five-year maturity.

Warrant 2026-03 carries an exercise price of €0. 86, Warrant 2026-04 at €1. 12, and Warrant 2026-05 at €1.

46 — each set at 130% of the prior tranche’s exercise price. If all warrants were exercised, the transaction would generate an additional €99. 1 million in capital for the company.

Crypto markets are watching this development closely as investors weigh its potential impact on prices.