France-listed Capital B bought 192 Bitcoin for $15.2 million, increasing its total BTC holdings to 3,135 coins
Bitcoin News
France-listed Bitcoin (BTC) treasury company Capital B announced on Monday that it has purchased 192 BTC for 13 million euros, equivalent to approximately $15.2 million, bringing its total holdings to 3,135 BTC.
The acquisition was made at an average price of roughly $78,948 per BTC, according to Alexandre Laizet, Bitcoin strategy director at Capital B, who disclosed the purchase on X. The buy follows a $17.8 million raise from strategic investors completed a week earlier, which included Blockstream CEO Adam Back and Paris-based asset manager TOBAM. Back had also contributed $1.28 million in a separate raise on May 4.
Capital B is one of only four publicly listed companies to disclose Bitcoin purchases in May so far. Strategy, the largest publicly traded Bitcoin holder, acquired $43 million in BTC last Monday, while Strive added $33 million on May 4 and The Smarter Web Company purchased $4.9 million in BTC.
Despite the acquisition, Capital B shares fell approximately 2.4% on Monday to trade at around 0.62 euros. The stock is down 17% year-to-date and has lost more than 68% of its value over the past year, according to Yahoo Finance data.
Capital B ranks as the 25th-largest Bitcoin treasury firm globally by holdings and the second-largest in Europe, behind Germany's Bitcoin Group SE, which holds 3,605 BTC currently valued at about $277 million, according to BitcoinTreasuries data.
The purchases come as Bitcoin trades roughly 39% below its all-time high of around $126,000, a decline that has prompted some treasury firms to adopt more defensive postures. Nasdaq-listed Nakamoto announced an actively managed Bitcoin derivatives program on April 24, designed to generate income from volatility and hedge a portion of its BTC holdings against downside risk. The company had sold 284 BTC worth approximately $20 million as of a March 30 SEC filing.
Genius Group also reported earlier this year that it liquidated its remaining 84 BTC treasury position for about $5.7 million in February to repay an $8.5 million debt obligation, illustrating the divergence in strategy among BitcoinTreasury companies navigating the current drawdown.
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