Capital B raises $9M for Bitcoin treasury expansion

Capital B, the Euronext Growth Paris-listed company that rebranded from The Blockchain Group last year, is raising $8.8 million to purchase more Bitcoin. It’s the latest in a series of equity raises designed to stack sats at institutional scale. The company has been on a capital-raising tear in 2026, having already completed a private placement in May worth approximately €15.2 million ($17.8 million) and a larger August round of about €21 million (roughly $24 million). A growing treasury, one raise at a time As of August 17, 2026, Capital B held 3,145 BTC with a total acquisition value of €284.2 million. The average cost basis sits at €90,352 per Bitcoin. The May placement involved roughly 23 million shares priced at €0.66 each, targeting up to 182 additional BTC. The August round was bigger: 36.2 million shares generating €21 million in gross proceeds, enough to fund an estimated 270 more BTC. Combined with the latest $8.8 million raise, the company is targeting total holdings of up to 3,415 BTC by year-end. Capital B has publicly stated a goal of accumulating 15,000 BTC by the end of 2027. The MicroStrategy playbook, with a French accent Capital B is running a version of the play...