Key Takeaways:
Capital B shareholders approved a financing framework authorizing up to €5 billion in capital increases and €100 billion in credit instruments, giving Europe's second-largest Bitcoin treasury company expanded capacity to accelerate its Bitcoin accumulation strategy.
"This authorization supports our Bitcoin Treasury Company strategy, which focuses on increasing the amount of Bitcoin held per fully diluted share over time," Capital B said in a June 17 press release following the Annual Ordinary and Extraordinary General Meeting.
All resolutions received support exceeding 95 percent of votes cast. Shareholders representing 164,555,315 voting rights participated, accounting for 54.748 percent of the 300,564,232 total voting rights outstanding. The equity authorization could represent as many as 125 billion shares based on the current nominal value of €0.04 per share.
The approval positions Capital B to pursue one of the largest corporate Bitcoin buying programs ever announced. The company aims to hold 15,000 BTC by the end of 2027 and ultimately control 1 percent of Bitcoin's maximum supply by 2033, a target that would require acquiring roughly 15,000 additional BTC at current market prices.
The vote concludes a process that began June 2, when Alexandre Laizet, Capital B's board director of Bitcoin Strategy, disclosed plans to seek shareholder approval for the expanded financing capacity. The company had already raised about $325 million to support its treasury strategy prior to the meeting.
Capital B currently holds 3,139 Bitcoin, valued at roughly $200 million at current prices, according to Bitcoin Treasuries data. That positions it behind Germany-based Bitcoin Group SE, which holds 3,604 Bitcoin worth about $230 million. Earlier this year, Capital B completed a €15.2 million private placement backed by Blockstream Chief Executive Adam Back and Paris-based asset manager TOBAM, using part of the proceeds to acquire 192 BTC and subsequently another 4 BTC.
Shareholders also ratified the company's legal name change from The Blockchain Group to Capital B, aligning its corporate identity with the commercial brand adopted in July 2025.
The financing authorization comes one day after Laizet disclosed plans for a Bitcoin-collateralized digital credit product targeting European investors during an interview at BTC Prague. Laizet said the proposed instrument draws inspiration from products launched by Strategy and Strive, designed to offer double-digit yields while maintaining volatility below double-digit levels. No launch date has been announced.
Capital B shares were little changed following the announcement, according to Yahoo Finance data.
This article is for informational purposes only and does not constitute investment advice.
