Capital B Buys 37 BTC as Corporate Bitcoin Holdings Rise
Capital B Buys 37 BTC for €2.3 Million – Corporate Bitcoin Holdings Continue to Rise Despite Price Decline
Key Takeaways
- Capital B acquired 37 BTC for €2.3 million on 13 April, bringing its total holdings to 2,925 BTC.
- Public companies collectively hold 1.178 million BTC worth $83.08 billion, up more than 1.3% over the past 30 days.
- Capital B reported a BTC Yield of 1.25%, a BTC Gain of 35.3 BTC, and a BTC € Gain of €2.2 million.
- The company converted financial instruments into ordinary shares to raise capital used for Bitcoin purchases.
- Capital B shares traded at €0.63 after a 1.26% daily decline and a drop of more than 28% over six months.
Capital B Expands Bitcoin Treasury With Latest €2.3 Million Purchase
Capital B has added 37 BTC to its balance sheet, spending €2.3 million on 13 April. The acquisition increases the company’s total Bitcoin holdings to 2,925 BTC, according to details released in a company press statement.
The latest purchase comes at a time when Bitcoin is trading at $71,087.56, representing a 50% decline from its all time high. Despite this price weakness, corporate Bitcoin treasuries continue to expand.
Data from BitcoinTreasuries.NET shows that public companies now collectively hold 1.178 million BTC, valued at $83.08 billion. This represents an increase of more than 1.3% over the past 30 days. Capital B’s latest move forms part of this broader accumulation trend among listed firms.
Accumulation Strategy Based on BTC Yield Metric
Capital B reported several internal performance metrics linked to its Bitcoin treasury strategy. The company cited a BTC Yield of 1.25%, a BTC Gain of 35.3 BTC, and a BTC € Gain of €2.2 million.
The BTC Yield metric indicates how much additional Bitcoin each company share represents. This framework was popularized by Strategy and is designed to measure whether shareholders are gaining increased Bitcoin exposure on a per share basis.
A BTC Yield of 1.25% suggests that Capital B is pursuing a gradual accumulation approach rather than aggressive large scale purchases. The company has conducted six Bitcoin purchases in 2026 so far, totaling 102 BTC. Since 5 November 2024, Capital B has completed 25 separate purchases to build its current holdings.
For investors and market participants, these figures provide transparency on how the company measures treasury growth and shareholder exposure in Bitcoin terms rather than only in fiat currency.
Share Conversions Used to Finance Bitcoin Purchases
To fund its Bitcoin acquisitions, Capital B completed the conversion of financial instruments into ordinary shares. According to the company, 17,897,600 OCA B-01 held by Blockstream Capital Partners were converted into 32,900,000 ordinary shares.
In addition, 2,020,372 OCA B-01 held by UTXO Management were converted into 3,713,919 ordinary shares.
These conversions indicate that Capital B is raising capital through equity dilution. By issuing additional shares, the company secures funding that can then be allocated to Bitcoin purchases. This mechanism increases the total number of shares outstanding while expanding the firm’s digital asset reserves.
For shareholders, this structure directly connects capital raising activity with the company’s Bitcoin treasury growth. The BTC Yield metric is intended to clarify whether the added Bitcoin outweighs the effect of share dilution on a per share basis.
Market Performance of Capital B Shares
Despite continued Bitcoin accumulation, Capital B’s stock price declined by 1.26% in the latest trading session, closing at €0.63. Over the past six months, the stock has fallen by more than 28%.
This performance occurs alongside the broader correction in Bitcoin’s market price, which has dropped by half from its all time high to the current level of $71,087.56. While the company continues to increase its Bitcoin reserves, its share price reflects ongoing market volatility.
For market observers, this contrast highlights the distinction between treasury growth in Bitcoin terms and equity market valuation in euro terms. The company’s Bitcoin holdings have expanded, but its share price has experienced downward pressure over recent months.
Corporate Bitcoin Holdings Continue to Expand
The broader corporate landscape shows ongoing interest in Bitcoin as a treasury asset. With 1.178 million BTC held by public companies and a 1.3% increase over the past 30 days, listed firms are collectively adding to their digital asset reserves.
Capital B’s 37 BTC purchase represents a small fraction of total corporate holdings, yet it contributes to the upward trend in aggregate balances. The company’s cumulative 2,925 BTC position places it among firms that actively manage Bitcoin exposure through repeated transactions rather than one time allocations.
For readers following the intersection of equity markets and digital assets, these developments illustrate how some public companies continue to treat Bitcoin as a core balance sheet component even during periods of price decline.
Our Assessment
Capital B has increased its Bitcoin holdings to 2,925 BTC after acquiring 37 BTC for €2.3 million, using share conversions to finance its purchases. The company reports a BTC Yield of 1.25% and has completed 25 acquisitions since November 2024. At the same time, public companies collectively raised their Bitcoin holdings to 1.178 million BTC, up 1.3% in 30 days, despite Bitcoin trading 50% below its all time high and Capital B’s share price declining over recent months.
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