$15.2M Bitcoin Acquisition Strengthens Capital B's Digital Asset Reserves
Ranking 25th among Bitcoin treasury holders globally, Capital B secured $15 million in BTC, joining just three other treasury companies that made corporate Bitcoin investments in May.
On Monday, Capital B, a Bitcoin treasury firm listed on the French stock exchange, revealed its acquisition of 192 BTC valued at 13 million euros ($15.2 million), elevating the company's complete Bitcoin position to 3,135 BTC.
According to Alexandre Laizet, who serves as Bitcoin strategy director at Capital B, the company secured this most recent allocation at an approximate average cost of $78,948 for each Bitcoin, as disclosed on X.
This Bitcoin acquisition follows closely after Capital B's announcement seven days prior regarding a $17.8 million capital injection from strategic investors, which included Blockstream's CEO Adam Back along with TOBAM, an asset management firm based in Paris. Additionally, Capital B secured $1.28 million in funding from Back on May 4.
Among crypto treasury organizations that have made public disclosures of Bitcoin acquisitions during May thus far, Capital B represents one of only four entities.
Strategy, which holds the distinction of being the largest publicly traded entity with Bitcoin holdings, revealed last Monday that it had acquired $43 million worth of BTC, while Strive incorporated $33 million in BTC to its reserves on May 4 and The Smarter Web Company secured $4.9 million worth of BTC.
This acquisition demonstrates ongoing commitment to Bitcoin treasury approaches among select publicly traded corporations, despite Bitcoin's current valuation remaining substantially beneath its October 2025 peak price.
Capital B stock price drops following Bitcoin purchase disclosure
Following Monday's announcement, Capital B's stock experienced a decline of approximately 2.4% and was trading around 0.62 euros during the publication of this report.
Based on Yahoo Finance data, the company's stock has declined 17% since the beginning of the year and has dropped more than 68% across the previous twelve months.
According to BitcoinTreasuries data, Capital B holds the position of 25th-largest Bitcoin treasury organization by total holdings and stands as Europe's second-largest, trailing Germany's Bitcoin Group SE, which maintains 3,605 BTC, presently valued at approximately $277 million.
Certain Bitcoin treasury organizations adopt protective strategies during market decline
Several Bitcoin treasury corporations are pursuing strategies to minimize balance sheet exposure associated with Bitcoin, which has currently fallen 39% from its all-time peak of $126,198.
Nakamoto, a Nasdaq-listed Bitcoin treasury organization, announced on April 24 the implementation of an actively managed Bitcoin derivatives strategy designed to produce recurring revenue from market volatility while providing hedging protection for portions of its corporate BTC reserves against potential downside risk. According to a filing dated March 30, the company disclosed that it divested 284 Bitcoin (valued at approximately $20 million during that period).
During February, Genius Group disclosed the divestment of its final treasury holdings consisting of 84 BTC for approximately $5.7 million in order to satisfy an $8.5 million debt obligation.