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Capital B Buys 44 More Bitcoin, Holdings Reach 2,888 BTC

Highlights:

  • Capital B spent €2.7 million on 44 Bitcoin, raising holdings to 2,888 BTC.
  • The company said its Bitcoin strategy delivered a 0.72% yield year to date.
  • Capital B used fresh funding to keep growing its long-term Bitcoin treasury reserves.

Capital B, a Paris-listed company focused on building a Bitcoin treasury, said on 23 March that it bought 44 more Bitcoin for €2.7 million, paying an average of €61,763 per coin. After this latest purchase, the company’s total Bitcoin holdings rose to 2,888 BTC. Capital B said those holdings were acquired for a combined €267.1 million, which puts its average purchase price across all holdings at €92,495 per Bitcoin.

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This update is significant because it shows Capital B is still adding to its Bitcoin reserves despite volatile market conditions. The company also describes itself as Europe’s first Bitcoin Treasury Company on its official website. Capital B further reported a BTC Yield of 0.72% year to date, along with a BTC Gain of 20.4 BTC and a BTC € Gain of about €1.2 million. Put simply, the company is telling shareholders that its strategy is increasing Bitcoin value per share, not just expanding the size of its reserve.

Capital B Builds Bitcoin Reserves Through Fresh Funding

The purchase was part of a broader funding plan. Capital B said the latest Bitcoin buy came after several financing moves, including a €0.5 million capital increase at €0.76 per share, a €2 million raise through warrants subscribed by TOBAM, and another €1 million raise through warrants subscribed by UTXO Management. This shows the company is using fresh capital to support its Bitcoin accumulation strategy, rather than relying only on existing cash.

The 23 March update builds on a pattern already established in Capital B’s earlier announcements this month. On 9 March, the company reported holdings of 2,836 BTC and a BTC Yield of 0.21% year to date. By 16 March, that total had increased to 2,844 BTC. The update shows that Capital B is treating Bitcoin as a long-term treasury asset. The company is raising funds, adding more BTC, and measuring progress through Bitcoin value per share. While Bitcoin remains volatile, the strategy shows a clear and structured approach to building reserves.

More Companies Expand Bitcoin Reserves

Strive is also emerging as part of the broader corporate Bitcoin accumulation trend. The company recently bought 317 Bitcoin, bringing its total holdings to 13,628 BTC as of 17 March. It also reported a Bitcoin Yield of 13.8% quarter to date. The update highlights how listed firms are increasingly using market-based financing activity to build larger Bitcoin positions.

At the same time, Michael Saylor appeared to hint that Strategy could continue its Bitcoin buying run. Over the weekend, he posted, “The Orange March Continues,” a message many in the market viewed as a sign that another purchase may be coming. Strategy had already reported holdings of 761,068 BTC in its 16 March filing, keeping investor focus on the pace of corporate Bitcoin accumulation. At the time of writing, BTC was trading at $71,017, up 3% in the past 24 hours.

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