Written by Zoltan Vardaistaff writerReviewed by Yohan Yunstaff writer
Written by Zoltan Vardaistaff writer
Reviewed by Yohan Yunstaff writer
Capital B shareholders approve up to $120B in financing capacity for Bitcoin strategy
Latest NewsPublishedJun 18, 2026
Capital B shareholders approved up to $120 billion in financing capacity, including equity and credit instruments, to support the company’s Bitcoin accumulation strategy.
France-listed Bitcoin treasury company Capital B’s shareholders approved a delegation of new capital-raising instruments that may bring up to 105 billion euros ($120.4 billion) in funding to fuel the company’s Bitcoin acquisitions.
Over 95% of shareholders approved the establishment of up to 5 billion euros in capital increases, equivalent to as many as 125 billion new shares at the current nominal value, as well as the issuance of up to 100 billion euros in credit instruments, Capital B revealed on Wednesday.
The company stated the issuance of the new capital instruments will “accelerate its Bitcoin accumulation strategy, focused on increasing the number of Bitcoin per fully diluted share over time.”
During its general meeting on Wednesday, Capital B reported 300.65 million in total shares with voting rights. If fully exercised, issuing 125 billion in new shares would result in existing shareholders being diluted to about 0.24% of the company’s ownership.
Shareholders also approved changing the company’s name from The Blockchain Group to Capital B, aligning its corporate name with the commercial brand adopted in 2025.
Source: Capital B
Capital B shares were little changed following the announcement, as reported by Yahoo Finance data.
Crypto treasury companies take different approaches
Capital B is Europe’s second-largest Bitcoin treasury company, holding 3,139 BTC, currently valued at $200 million. It ranks behind Germany-based Bitcoin Group SE, which holds 3,604 Bitcoin, currently worth $230 million, Bitcoin Treasuries data shows.
To date, Capital B stated it raised about $325 million in capital, following its $17.8 million raise from strategic investors, including Blockstream CEO Adam Back and Paris-based asset manager TOBAM.
Related: Mystery Bitcoin burn destroys 107 BTC worth about $8.5M
The fundraising initiative contrasts with moves by some treasury companies to reduce or actively manage their Bitcoin exposure.
On May 28, France-based semiconductor company Sequans Communications stated it had concluded its previously revealed crypto treasury strategy. The company held 658 Bitcoin and stated it would “monetize remaining holdings over time,” which led to a share price rise of about 14.5%.
Magazine: Bitcoin, the ‘canary in the coal mine,’ XRP transaction demand falls 91.5%: Market Moves
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
- Bitcoin Adoption
- Europe
- Blockchain Capital
- Stocks
- France
- Bitcoin
More on the subject
Bitcoin market cap rebound to take ‘5-10 years’ after dropping 10 places since mid-2025
2 hours ago
William Suberg
Bitcoin capitulation ‘twice as weak’ after spot liquidity turns supportive: Glassnode
16 hours ago
Biraajmaan Tamuly
Bitcoin price sets $64.5K week-to-date low as Strategy selling worries return
22 hours ago
William Suberg
Bitcoin market cap rebound to take ‘5-10 years’ after dropping 10 places since mid-2025
2 hours ago
William Suberg
Bitcoin capitulation ‘twice as weak’ after spot liquidity turns supportive: Glassnode
16 hours ago
Biraajmaan Tamuly
Bitcoin price sets $64.5K week-to-date low as Strategy selling worries return
22 hours ago
William Suberg
