Capital B has bought 12 more Bitcoin for €1. 2 Now, the company has a total of 2,812 Bitcoin, which is worth more than $314 million as of September 29.
The company listed on Euronext Growth Paris bought Bitcoin by raising money with its partner, TOBAM, and kept the average cost of each Bitcoin at €93,216 ($108,800).
Europe’s biggest Bitcoin fund reports a 1,656% yearly profit
This deal is part of the company’s strong plan to buy more assets. So far this year, they have made a return of 1,656. 1% on Bitcoin, making Capital B Europe the biggest public company that holds Bitcoin.
The French company started with 15 Bitcoin in November 2024 and collected 2,812 Bitcoin in ten months. This means they increased their Bitcoin by 18,647%.
Capital B is now 28th in the world for public companies that own Bitcoin. They have less Bitcoin than Metaplanet, which has 25,555 BTC, and Sequans Communications, which has 3,205 BTC.
The company’s plan is similar to one created by a U. S company called Strategy. This company owns 640,031 Bitcoin and bought 196 Bitcoin for around $22. 1 million, paying an average price of $113,048 for each coin today.
The fast rise of Bitcoin treasuries has caught the attention of big investors. Recently, Capital Group, a large asset manager from Los Angeles with $2. 6 trillion in assets, bought an 11. 45% share in Metaplanet, which is worth about $500 million.
TOBAM, a French investment company, has become Capital B’s main partner. They helped raise money for the company several times in 2025 and now own 5. 70% of its shares.
ATM Program Helps Create Capital Without Fees
Capital B recently bought a new company using a special capital increase program with TOBAM. They issued 706,000 new regular shares at €1. 70 ($199) each
The program is France’s first way of selling shares directly to the market. It lets people subscribe every day and uses flexible pricing to keep the value for shareholders safe.
Europe’s Capital B has purchased 12 more Bitcoin, bringing its total to 2,812 Bitcoin, valued at $314 million.
TOBAM’s five funds bought all the available shares. The Bitcoin Enhanced Fund purchased 305,000 shares for €521,197 ($608,423), while four other funds bought smaller amounts.
The ATM system has worked very well, making €19. 7 million ($2299 million) in money without any extra fees since it started.
The pricing system sets subscription prices based on the highest of three standards. The closing price from the day before, the average price based on volume from the day before, or the average price over the last 20 days, reduced by 15%.
This method has helped Capital B get funds more effectively than traditional stock offerings while staying in sync with long-term investors.
Capital B has gathered more than €270 million ($315 million) in 2025 by using different ways to get money. This includes €150 million ($175 million) from convertible bonds and €125 million ($145. 9 million) from selling shares.
The company currently has the ability to raise €10 billion ($11. 67 billion) Out of this, €300 million ($350 million) is set aside for ATM transactions led by TOBAM.
Capital B’s convertible bond program provides investors with five-year bonds that do not pay interest upfront. Instead, these bonds can be converted into shares at prices that are 30% higher than the current share prices.
The setup lets bondholders change their bonds into company shares if the company does well, while keeping debt in Bitcoin, which removes the risk of not getting paid back.
The company has given out convertible bonds worth €13 million ($15. 2 million) to TOBAM and €6. 5 million ($76 million) through its subsidiary in Luxembourg. Most of the money—95%—will be used to buy Bitcoin.
Europe’s Capital B has purchased 12 more Bitcoin, bringing its total to 2,812 Bitcoin, which is worth $314 million.
European Bitcoin Treasury Market is Growing Stronger
The most recent buy comes after Capital has bought 551 Bitcoin on September 22 and 48 Bitcoin on September 15.
The company has been buying about 8. 7 Bitcoin every day since it started its treasury plan, and this amount has increased twelve times this year.
Capital B now holds about 0. 013% of all Bitcoin, which has a total supply of 21 million. The management aims to own 1% by the year 2033.
Besides Capital B, the Bitcoin treasury industry in Europe is growing as companies try to follow the success seen in the U. S and Asian leaders.
B HODL, a company listed in the UK, recently bought 100 Bitcoin for $11. 3 million right after it started trading on London’s Aquis Stock Exchange in September. They raised £15. 3 million when they listed.
At Taipei Blockchain Week, Sora Ventures started a $200 million fund to buy Bitcoin. They aim to spend $1 billion to help Asian companies like Metaplanet, Moon Inc. , DV8, and BitPlanet within the next six months.
Capital B uses smart ways to get Bitcoin without harming its shareholders or taking on debt. The company aims to slowly build its Bitcoin holdings rather than focusing on quick financial gains.
