{"id":77857,"date":"2026-09-07T23:42:04","date_gmt":"2026-09-07T23:42:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/capital-b-buys-376-bitcoin-for-29-4m-as-treasury-grows-to-3521-btc\/"},"modified":"2026-09-07T23:42:04","modified_gmt":"2026-09-07T23:42:04","slug":"capital-b-buys-376-bitcoin-for-29-4m-as-treasury-grows-to-3521-btc","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/capital-b-buys-376-bitcoin-for-29-4m-as-treasury-grows-to-3521-btc\/","title":{"rendered":"Capital B Buys 376 Bitcoin for $29.4M as Treasury Grows to 3,521 BTC"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Capital B bought 376 BTC for $29.4M, lifting its bitcoin treasury to 3,521 BTC.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Adam Back and TOBAM-backed funding show firms still using equity markets to expand bitcoin treasuries.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Investors will watch whether bitcoin gains can close Capital B\u2019s roughly $80M cost-basis gap.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Capital B Adds Bitcoin After $33.3M Private Placement<\/h2>\n<p>Capital B is doubling down on bitcoin, adding 376 BTC to a corporate treasury that now holds 3,521 BTC.<\/p>\n<p>The Euronext Growth Paris-listed company spent about $29.4 million (\u20ac25.3 million) on the latest purchase, paying an average of roughly $78,025 (\u20ac67,182) per bitcoin. The acquisition was funded through recent equity raises.<\/p>\n<p>Capital B has now spent approximately $359.3 million (\u20ac309.4 million) building its bitcoin reserve, at an average acquisition price of about $102,061 (\u20ac87,878) per BTC. The latest purchase comes as companies using bitcoin as a treasury asset continue to rely on capital markets to increase their holdings rather than waiting for operating cash flow.<\/p>\n<h2>Adam Back and TOBAM Back Fresh Bitcoin Purchases<\/h2>\n<p>Capital B completed approximately $33.3 million (\u20ac28.7 million) of private placements with institutional investors, including <a href=\"https:\/\/news.bitcoin.com\/security\/blockstream-to-liquid-network-hacker-safe-to-return-the-funds\/\">Blockstream co-founder Adam Back<\/a> and asset manager TOBAM. It separately raised about $1.67 million (\u20ac1.44 million) through an ATM-style equity program with TOBAM. A portion of those proceeds funded the latest bitcoin acquisition.<\/p>\n<p>The financing structure matters for shareholders because Capital B measures success partly by whether bitcoin holdings rise faster than its fully diluted share count. The company reported a year-to-date \u201cBTC Yield\u201d of 2.17%, with 736.6 satoshis of bitcoin per fully diluted share. It also reported a company-defined \u201cBTC Gain\u201d of 61.3 BTC.<\/p>\n<p>Capital B valued that metric at approximately $4.87 million (\u20ac4.19 million). It cautions that the measure is not a traditional investment return or accounting profit.<\/p>\n<h2>Bitcoin Holdings Sit Below Their Cost Basis<\/h2>\n<p>There is another number investors may watch more closely.<\/p>\n<p>Capital B valued its 3,521-BTC treasury at roughly $279.7 million (\u20ac240.8 million) in the <a href=\"https:\/\/cptlb.com\/wp-content\/uploads\/2026\/09\/v5VovtATca\/20260907-Capital-B-CP-7-septembre-2026-EN-FINAL.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Sept. 7 disclosure<\/a>. That compares with its $359.3 million (\u20ac309.4 million) aggregate acquisition cost, leaving market value about $80 million below cost basis at the reported bitcoin price.<\/p>\n<p>That gap highlights the risk behind the strategy. Capital B is continuing to issue securities and <a href=\"https:\/\/www.bitcoin.com\/get-started\/how-to-buy-bitcoin\/?_gl=1*10hdzz5*_ga*MjE1MTQ4MjQ1LjE3NzA5OTgxMTI.*_ga_LKPRS3F1JD*czE3ODg3OTU0MzIkbzU0JGcxJHQxNzg4Nzk1NTI2JGo1MiRsMCRoMA..*_gcl_au*ODc0NjYyNzQuMTc4NjYyMDA1MA..*_ga_ERLPF60ZDD*czE3ODg3OTU0MzMkbzM4NiRnMSR0MTc4ODc5NTUyOCRqNTEkbDAkaDA.\" target=\"_blank\" rel=\"noopener noreferrer\">buy bitcoin<\/a> even while earlier purchases remain underwater on an aggregate basis.<\/p>\n<p>For shareholders, the bet is increasingly straightforward: if the bitcoin price rises, Capital B has built substantial exposure. If it falls, both bitcoin volatility and financing dilution become harder to ignore.<\/p>\n<p>Dollar conversions use the Sept. 7 EUR\/USD reference rate of $1.1614 per euro.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/finance\/capital-b-buys-376-bitcoin-for-29-4m-as-treasury-grows-to-3521-btc\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Capital B bought 376 BTC for $29.4M, lifting its bitcoin treasury to 3,521 BTC. Adam Back and TOBAM-backed funding show firms still using equity markets to expand bitcoin treasuries. Investors will watch whether bitcoin gains can close Capital B\u2019s roughly $80M cost-basis gap. Capital B Adds [&hellip;]<\/p>\n","protected":false},"author":3947362377,"featured_media":77858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77857"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362377"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=77857"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77857\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/77858"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=77857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=77857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=77857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}