Capital B shareholders back €105bn mandate to fund further Bitcoin buying

Capital B shareholders have approved financial authorizations totaling up to €105 billion to support additional Bitcoin acquisitions, after more than 95% voted in favor at an ordinary and extraordinary general meeting in Puteaux on Wednesday, June 17, 2026. The package includes permission to raise up to €5 billion through capital increases. Based on the current par value of €0.04 per share, that would allow the issuance of as many as 125 billion new ordinary shares. Shareholders also cleared the company to issue up to €100 billion of long-term credit instruments. Capital B said the new equity and debt tools are intended to speed up its treasury strategy, aimed at growing the amount of Bitcoin held per fully diluted share over time. A total of 300.65 million voting shares were registered for the meeting. If the full 125 billion-share issuance were carried out, existing shareholders' ownership would be diluted to about 0.24% of the company. The meeting also formalized an identity change. Shareholders approved the legal renaming of the company from The Blockchain Group to Capital B, aligning the corporate name with the commercial brand adopted in July 2025. Trading was largely steady following the announcement. Yahoo Finance data showed limited immediate movement in the company's shares on Euronext Growth Paris. Capital B reported holdings of 3,139 BTC, valued at roughly $200 million based on updated data as of June 2026. Bitcoin Treasuries data ranks the company as Europe's second-largest corporate Bitcoin holder, behind Germany's Bitcoin Group SE, which holds 3,604 BTC worth about $230 million. The company said it has raised nearly $325 million in total to date. That figure includes a recent $17.8 million strategic investment involving Blockstream CEO Adam Back and Paris-based asset manager TOBAM. The strategy differs from moves by other European tech firms. France's Sequans Communications said on May 28 it had ended its crypto treasury approach, selling its 658 BTC reserve. Market data showed Sequans' shares rose 14.5% in the days that followed. Capital B's next scheduled update is its interim financial report for the first half of 2026.