Key Highlights
Shareholders greenlight €5B equity authorization framework.
€100B credit facility approved to accelerate Bitcoin acquisition.
Board receives enhanced financial flexibility for BTC purchases.
Management granted broader powers to execute treasury strategy.
Company aims for substantial BTC accumulation following vote.
The Paris-based company Capital B has obtained overwhelming shareholder support for an ambitious financial blueprint centered around its Bitcoin treasury initiative. Investors authorized the firm to raise as much as €5 billion through equity offerings and access up to €100 billion via debt instruments. This mandate provides management with significantly expanded financial tools to execute its cryptocurrency accumulation objectives.
Overwhelming Investor Support at Annual Meeting
During its Annual Ordinary and Extraordinary General Meeting held on June 17, Capital B received decisive approval from its shareholders across all proposed resolutions. The voting results showed more than 95% support from participating investors. The approved measures encompassed financial reporting validation, enhanced funding mechanisms, and the company’s official rebranding.
Investor participation reached 164,555,315 voting rights, accounting for 54.748% of the total 300,564,232 voting rights available as of the meeting date. Stakeholders exercised their voting privileges through multiple channels including physical presence, proxy designation, remote voting systems, and postal ballots.
The authorization framework permits Capital B’s leadership to execute equity raises totaling up to €5 billion in nominal terms. Given the existing €0.04 par value per share, this translates to potential issuance of as many as 125 billion new shares. Additionally, the board secured permission to deploy debt securities with a combined nominal value reaching €100 billion.
Expanded Financial Capacity for Cryptocurrency Accumulation
The newly approved financial tools are designated specifically for Capital B’s Bitcoin Treasury Company approach. This methodology prioritizes increasing the Bitcoin-per-share metric on a fully diluted basis rather than simply growing the absolute quantity of cryptocurrency in reserve. Management evaluates success through per-share BTC exposure metrics.
This milestone builds upon Capital B’s previous fundraising activities and digital asset purchases. The organization had previously secured approximately $325 million in funding dedicated to its treasury initiative. Company filings revealed holdings of 3,139 BTC following multiple acquisition rounds.
In the first quarter of this year, Capital B closed a €15.2 million private funding round. Notable participants included Blockstream’s CEO Adam Back and French investment firm TOBAM. Subsequently, the company allocated portions of these proceeds toward acquiring 192 BTC in one transaction, followed by an additional 4 BTC purchase.
Corporate Rebranding and Bitcoin-Collateralized Product Development
Investors also ratified the formal corporate name transition from The Blockchain Group to Capital B. According to company statements, this legal modification harmonizes the registered entity name with the commercial identity established in July 2025. The rebranding reinforces the organization’s strategic pivot toward Bitcoin treasury operations.
The shareholder meeting occurred just one day before Alexandre Laizet outlined plans for a Bitcoin-collateralized digital credit offering. Laizet holds the position of board director for Bitcoin Strategy at Capital B. He indicated the proposed financial product would focus on European investors and incorporate structural elements similar to those employed by Strategy and Strive.
While Capital B has not disclosed a specific rollout timeline for the credit instrument, the company maintains ambitious cryptocurrency accumulation targets. Management aims to reach 15,000 BTC in reserves by year-end 2027. Looking further ahead, the firm has set a goal of controlling 1% of Bitcoin’s maximum supply by 2033.
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