Key Highlights
Capital B executes 1-for-10 share consolidation effective Aug. 6
Consolidated shares commence trading Sept. 8 on Euronext Growth Paris
Company maintains 3,139 BTC treasury throughout restructuring process
Restructuring aligns with Capital B’s capital markets expansion strategy
Shareholders retain proportional ownership despite share count reduction
Capital B has announced its intention to execute a 1-for-10 reverse stock split designed to optimize its equity structure. The consolidation process begins Aug. 6 and concludes before newly issued shares commence trading Sept. 8. This strategic move complements the firm’s capital market objectives while preserving shareholder equity proportions.
Timeline for share consolidation established
Capital B will convert 10 current shares into a single new share throughout a consolidation window lasting 30 days. Implementation begins Aug. 6 with completion scheduled for Sept. 7. Trading of consolidated shares on Euronext Growth Paris commences the following day, Sept. 8.
Outstanding shares will decrease from 300,650,632 to 30,065,063 following the consolidation. The par value per share increases from €0.08 to €0.80. Capital B previously adjusted nominal values to comply with French corporate regulations ahead of the consolidation.
Management emphasized that this constitutes a technical reorganization. As such, aggregate shareholder value remains constant throughout the process. Investors holding share quantities not evenly divisible by 10 should rebalance positions by Sept. 7 or accept monetary compensation for fractional shares following their market liquidation.
Cryptocurrency holdings strategy continues unaffected
Capital B maintains its Bitcoin accumulation approach independent of the share consolidation. The firm possesses 3,139 BTC, positioning it as Europe’s second-largest public company Bitcoin holder. Germany’s Bitcoin Group SE holds the top position with 3,605 BTC in reserves.
The organization expanded its Bitcoin reserves during early 2026. It added 192 BTC to holdings in May following successful capital raises. The treasury now totals 3,139 BTC as accumulation efforts persist.
Enhanced financing capabilities were granted at Capital B’s June shareholder assembly. Stockholders authorized capital increases up to €5 billion alongside €100 billion in debt instruments. Moreover, leadership emphasizes maximizing Bitcoin holdings per fully diluted share rather than concentrating solely on aggregate reserve expansion.
Capital structure optimization enables market growth initiatives
Capital B will halt convertible bond conversions and warrant exercises from Aug. 17 through Sept. 10. Conversion ratios and exercise terms will be recalibrated following the reverse split completion. New share settlement and delivery takes place Sept. 10.
Current shares cease trading after Sept. 7 preceding the debut of consolidated securities. Cash distributions from fractional share liquidations begin Sept. 14 via financial intermediaries. Treasury stock will undergo proportional adjustment to maintain precise consolidation mathematics.
Capital B pursues additional financing structure enhancements beyond this reverse split. The company recently progressed plans for Bitcoin-collateralized debt securities aimed at European investors. This restructuring neither generates fresh capital nor expands cryptocurrency reserves, as it exclusively modifies share quantity and nominal denomination.
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