Capital B has strengthened its profile as a listed Bitcoin Treasury Firm after changing key debt devices, elevating recent fairness, and deploying a part of the proceeds into further bitcoin.
The group now holds 2,925 BTC with an acquisition worth of €269.4 million, at a median value of €92,096 per bitcoin.
The corporate confirmed the acquisition of 37 BTC for €2.3 million, at a reference value of €60,892 per coin, as a part of its ongoing Bitcoin Treasury technique. This lifted the yr‑to‑date “BTC Yield” to 1.25%, with a “BTC Gain” of 35.3 BTC and a “BTC € Gain” of €2.2 million for the reason that begin of 2026. Quarter‑to‑date, BTC Yield stands at 0.53%, with a BTC Acquire of 15.2 BTC and a euro achieve of €0.9 million, in response to an organization press launch.
Alongside the treasury growth, Capital B accomplished main conversions of its OCA B‑01 convertible bonds. Blockstream Capital Companions transformed 17,897,600 OCA B‑01 into 32,900,000 atypical shares, whereas UTXO Administration transformed 2,020,372 OCA B‑01 into 3,713,919 shares, at a unit conversion value of €0.544. In complete, 36,613,919 new shares have been issued by way of debt set‑off on these devices.
Each Blockstream Capital Companions and UTXO Administration additionally exercised their rights underneath authorized adjustment measures linked to the free BSA 2025‑01 warrants granted in 2025.
Blockstream subscribed to 4,700,000 new shares at €0.544 per share for €2.56 million, whereas UTXO Administration took 530,559 shares for €0.29 million, bringing complete money raised underneath these changes to €2.85 million. The corporate additional reported the train of 4,464,712 BSA 2025‑01 into 637,816 shares for €0.35 million, with the warrants expiring nugatory at midnight on April 10, 2026.
In March, Capital B introduced a €3 million capital increase alongside amendments to current convertible bonds to speed up its Bitcoin treasury technique.
The funding, backed by TOBAM and UTXO Administration, may allow the corporate to amass roughly 36 further bitcoin, bringing its complete holdings to about 2,880 BTC.
Capital B’s bitcoin is being held for operational wants
Following these transactions, Capital B’s issued share capital stands at 272,210,021 shares, whereas its totally diluted base reaches 397,622,899 shares when together with remaining convertibles, warrants, and free‑share plans. On this foundation, the group stories 730 satoshis of bitcoin per totally diluted share, a core metric in its technique to develop BTC per share over time.
The corporate said that a further 60 BTC is held for operational wants, segregated from the reserve that underpins its Bitcoin Treasury KPIs. Capital B mentioned it’s going to proceed to publish BTC Yield, BTC Acquire, and BTC € Acquire as supplemental indicators for buyers who observe its fairness‑financed bitcoin accumulation mannequin
Disclaimer: Bitcoin Journal is owned by Nakamoto Inc. (NASDAQ: NAKA). Nakamoto Inc. additionally owns UTXO Administration.
