What is Capital B's new Bitcoin funding proposal?

Capital B is asking shareholders to approve authority to raise up to $122 billion through a combination of equity and debt-like instruments. The company intends to use the expanded fundraising capacity to accelerate its Bitcoin acquisition strategy.

How much capital does Capital B want to raise?

The proposal includes up to 5 billion euros ($5.8 billion) in equity issuance capacity and approximately $116 billion in credit instruments. The authorisation would give the company significant flexibility to fund future Bitcoin purchases.

Why does Capital B want to raise so much money?

Capital B is pursuing a Bitcoin treasury strategy focused on accumulating more BTC over time. Management appears to believe that increasing Bitcoin exposure will create long-term value if the asset appreciates in future market cycles.

How much Bitcoin does Capital B currently own?

Capital B recently purchased 192 Bitcoin and later added another 4 Bitcoin. Following those acquisitions, the company reported total holdings of 3,139 BTC.

When will shareholders vote on the proposal?

Shareholders can vote on the funding proposal ahead of the company's combined general meeting scheduled for June 17. The outcome will determine whether management receives the requested fundraising authority.

How does Capital B compare with other Bitcoin treasury companies?

Capital B ranks as the 25th-largest Bitcoin treasury company by holdings and is Europe's second-largest corporate Bitcoin holder. The company trails Germany's Bitcoin Group SE, which holds more than 3,600 BTC.

Why did Capital B's share price fall after the announcement?

The stock fell roughly 7% following the proposal. Investors may be concerned about potential shareholder dilution, increased leverage or the risks associated with raising large amounts of capital to buy Bitcoin.

What is shareholder dilution and why does it matter?

Dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. While raising capital can support growth, investors often weigh that benefit against the potential impact on their stake in the company.

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Capital B seeks approval for $122B Bitcoin funding plan

Written by Mahathir BayenaPublished Jun 3, 2026, 1:37 AM

France-listed Bitcoin treasury company Capital B is asking shareholders to approve a major expansion of its fundraising capacity as it seeks to accelerate Bitcoin acquisitions.

The proposal would authorise the company to raise up to 5 billion euros ($5.8 billion) through equity issuance and approximately $116 billion through credit instruments, according to board director of Bitcoin Strategy Alexandre Laizet.

Shareholders will vote on the proposal ahead of the company's combined general meeting scheduled for June 17.

The request follows Capital B's continued Bitcoin accumulation strategy, including the recent purchase of 192 Bitcoin for $15.2 million and an additional acquisition of 4 Bitcoin, bringing total holdings to 3,139 BTC.

Capital B said it has raised approximately $325 million to date, including support from strategic investors such as Blockstream chief executive Adam Back and Paris-based asset manager TOBAM.

The company's shares fell roughly 7% following the announcement and are down about 44% over the past six months, while Bitcoin has declined approximately 19.4% during the same period.

The fundraising proposal arrives as several Bitcoin treasury companies reassess their strategies, with some reducing holdings, monetising reserves or introducing hedging programmes to manage volatility and financing pressures during the market downturn.

At the time of reporting, Bitcoin price was $66,937.94.