French Firm Bets Big on Bitcoin: €13M for 192 BTC – Because Who Needs a Retirement Plan?

by

Well, butter my croissant and call me impressed-Capital B, the French company with a penchant for all things blockchain, has decided to throw €13 million ($15.1 million) into the Bitcoin bonfire. That’s right, they’ve snapped up 192 BTC, because apparently, hoarding digital currency is the new black. Or should I say, the new blanc?

  • Capital B dropped €13 million on 192 BTC after raking in €17.15 million from three separate capital raises. Because why spend it on, say, a château when you can have volatile digital assets?
  • The company now owns 3,135 BTC, acquired at an average price of $105,270 per coin. That’s roughly the cost of a small Parisian apartment, but with more existential dread.

In a Monday announcement that screamed “We’re still relevant, promise!”, Capital B revealed that their latest Bitcoin binge was funded by three capital raises totaling €17.15 million ($20 million). Because nothing says “financial strategy” like funneling money into a currency that makes rollercoasters look stable. The company, based in France (where they presumably sip espresso while watching their portfolio fluctuate), stayed true to their word from last week’s fundraising disclosure-all aboard the Bitcoin train, no refunds.

Post-purchase, Capital B now boasts a treasury of 3,135 BTC, accumulated at a cool $330 million. That’s an average of $105,270 per Bitcoin, or as I like to call it, “the price of a mid-life crisis in digital form.”

The nitty-gritty? Nearly €15.2 million came from a private placement involving 23 million ABSA shares, each with four attached share subscription warrants. Because nothing says “we’re serious” like throwing in a few extra warrants for good measure. Blockstream CEO Adam Back and French asset manager TOBAM were among the institutional backers, presumably nodding sagely while signing the checks.

Oh, and let’s not forget the €850,000 secured through an ATM-style capital increase with TOBAM, because who doesn’t love a good financial vending machine? Another €1.1 million came from Back’s subscription to share warrants, because why not double down on the chaos?

According to Capital B’s May 11 statement, the institutional placement was offered to investors across the U.S., Europe, and beyond, with Maxim Group as the lead placement agent and Marex as co-manager. Because if you’re going to gamble, you might as well do it internationally.

Each newly issued share came with four warrants across three exercise price levels, because who doesn’t love a good financial puzzle? Full exercise of those warrants could generate another €99.1 million, which is just enough to make you wonder if they’re building a Bitcoin empire or a house of cards.

Back’s stake is set to rise to 13.43%, while Blockstream Capital Partners will hold 14.42%. TOBAM’s ownership will increase to 4.20%, which is, coincidentally, the exact percentage of people who fully understand what’s happening here.

Formerly known as The Blockchain Group (before their July 2025 rebrand), Capital B has pivoted to a Bitcoin treasury strategy, focusing on increasing Bitcoin held per fully diluted share. Because if you can’t beat ‘em, join ‘em-and then hoard as much Bitcoin as humanly possible.

Read More

2026-05-18 12:32