Capital B, a company that holds Bitcoin and is based in France, will combine every ten shares of its stock into one. This move is designed to lower the price per share, making it easier for more people to invest.
Summary
- Capital B will consolidate every ten existing shares into one new share beginning September 8.
- The reverse split reduces outstanding shares without directly changing the aggregate value of investor holdings.
- Capital B remains Europe’s second-largest listed Bitcoin holder while further expanding its treasury financing strategy.
The company, listed on Euronext Growth Paris, announced a share consolidation. For every ten existing shares an investor owns, they will receive one new share. This will reduce the total number of shares from 300,650,632 to 30,065,063. Trading of the new shares will start on September 8, 2026.
Capital B has announced a 1-for-10 reverse stock split, meaning ten existing shares will be combined into one new share. You can find the full press release in both English and French, as well as details about their Bitcoin strategy.
— Capital B (@_ALCPB) July 20, 2026
Capital B explained that this move is designed to help the company grow professionally and allow more investors to buy its stock. They also assured shareholders that while the way shares are recorded will change, the overall value of their investment won’t be affected.
Capital B reverse stock split takes effect September 8
Starting August 6th and lasting until September 7th, the company will implement a reverse stock split. If you own a number of shares that can be evenly divided by 10, your shares will be automatically combined. This means you’ll receive one new share for every ten old shares you currently hold. The value of each new share will be €0.80, an increase from the previous value of €0.08 per share.
The current shares will stop trading on September 7th. New shares will begin trading on Euronext Growth Paris the next day with a different identification number. The company has designated September 9th as the date to be officially registered as a shareholder, with the final transfer of shares completed on September 10th.
If you own a share amount that isn’t easily divided by 10, you can buy or sell shares before September 7th to round it up to a whole number. If you don’t, your financial institution will sell those partial shares for you and send you the money. Capital B anticipates these payments will start around September 14th.
From August 17th to September 10th, the company is pausing the process of converting certain bonds and using share warrants. This is because they’re changing the number of outstanding shares, and after that change, the terms for these conversions and exercises will be adjusted accordingly.
Bitcoin treasury strategy remains central to Capital B
Capital B is streamlining its shares while also growing its Bitcoin reserves as part of a long-term strategy. Currently, the company holds 3,139 Bitcoin, making it the second-largest publicly traded company in Europe to hold Bitcoin. Only Germany’s Bitcoin Group SE, with 3,605 BTC, holds more.
During the first half of 2026, Capital B increased its Bitcoin holdings through multiple funding rounds. They initially purchased 192 BTC for €13 million in May, following three successful capital raises, and have since grown their total holdings to 3,139 BTC, as crypto.news previously reported.
The company is working to secure more funding for future investments. In June, its shareholders authorized the company to raise up to €5 billion through new stock offerings and access up to €100 billion in credit. These plans were overwhelmingly approved, with over 95% of votes in favor.
These approvals provide the board with the financial resources to continue building its Bitcoin holdings. Capital B emphasizes growing the amount of Bitcoin available to each share, rather than simply tracking the overall amount of Bitcoin it owns.
Institutional investors remain a focus after financing expansion
Capital B’s recent reverse stock split is part of a larger plan to refine how the company operates within financial markets. This split reduces the total number of shares available, which automatically increases the price of each remaining share. Importantly, this doesn’t change the percentage of the company owned by each investor, though some investors with very small share amounts may receive a cash settlement instead.
From my analysis, Capital B isn’t just focused on their current offerings; they’re actively expanding into new investment products. Specifically, I understand they’re building a credit instrument secured by Bitcoin, targeted at investors in Europe. This appears to be another avenue for them to secure funding, though they haven’t given any indication of when it might become available.
This recent change to the company’s stock simply adjusts the number of shares available and their individual price – it doesn’t involve adding Bitcoin to our assets or bringing in new funding. We made this adjustment specifically to attract more investors.
Here’s what shareholders need to know about important dates: the reverse stock split takes effect August 6th. Trading of current shares will end September 7th, and the new Capital B shares are expected to start trading September 8th. As of the latest report, the company still holds 3,139 Bitcoin.
2026-07-20 14:53