Capital B, a European bitcoin treasury, has publicly announced the acquisition of 376 bitcoins, a strategic move shortly after revealing that Adam Back of Blockstream had made an investment in the company.
As of Tuesday, the Euronext Growth-listed firm reported holding a total of 3,521 bitcoins, valued at over $277 million based on current market prices. This positions Capital B as the 25th largest publicly traded bitcoin treasury globally, as per data from Bitcoin Treasuries.
The total expenditure for this recent acquisition amounted to €25.3 million (exceeding $29 million), according to the company’s announcement.
Capital B confirms the acquisition of 376 BTC for €25.3 million, totaling its holdings to 3,521 BTC, with a BTC Yield of 2.17% YTD
Full Release (EN): https://t.co/PQDwqfWX9a
Full Release (FR): https://t.co/SrVf8lvp8Q
BTC Strategy (EN): https://t.co/P5j3GA76kt
— Capital B (@_ALCPB) September 7, 2026
Only days prior, the firm disclosed that Adam Back had invested €7.6 million ($8.8 million) in Capital B, supporting its bitcoin acquisitions.
In August, Capital B reported raising €21 million ($24 million) through a private placement, an endeavor supported by Back and asset management firm TOBAM.
On Tuesday, the company’s stock saw a slight decline of 2% in trading.
The majority of Capital B’s bitcoin holdings were acquired during fundraising efforts in the first half of 2026, including a purchase of 192 bitcoins for €13 million made in May following three successful capital raises.
Describing itself as “Europe’s first Bitcoin treasury company,” Capital B aims to enhance its bitcoin position amidst a competitive landscape where other treasuries are also seeking to increase their holdings.
According to its website, Capital B has set a target to eventually acquire 210,000 bitcoins, articulating a clear goal of accumulating 1% of Bitcoin’s total supply by 2033.
The trend of digital asset treasuries gained momentum in 2025, as numerous publicly traded companies began to emulate the practices of Nasdaq-listed Strategy (formerly MicroStrategy), which initiated its bitcoin acquisitions that same year.
A multitude of publicly traded entities began purchasing bitcoin, with several also exploring investments in alternative cryptocurrencies, as a means of enhancing their stock value. However, with the recent decline in bitcoin prices, many have found themselves at a loss or compelled to liquidate their holdings.
This year, Strategy, recognized as the largest corporate holder of bitcoin, has reduced its acquisition activity and instead shifted focus towards strengthening its cash reserves and repurchasing shares, in response to a drop in its stock prices.
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