Capital B shareholders approve €100B debt capacity to expand Bitcoin treasury
Capital B shareholders have approved a financing framework that authorizes up to €5 billion (~$5.36 billion) in capital increases and €100 billion (~$107.15 billion) in credit instruments to support the company’s Bitcoin treasury strategy.
- Capital B shareholders approved more than €100 billion in financing capacity to support the company’s Bitcoin treasury strategy.
- Investors backed up to €5 billion in capital increases and €100 billion in credit instruments, with all resolutions receiving more than 95% support.
- Shareholders also approved the company’s legal name change from The Blockchain Group to Capital B.
Capital B said in a June 17 press release that shareholders approved all resolutions presented at the company’s Annual Ordinary and Extraordinary General Meeting, including measures tied to expanding its capacity to fund future Bitcoin purchases. The company stated that the resolutions passed with support exceeding 95% of votes cast.
The Paris-listed company said shareholders representing 164,555,315 voting rights participated in the meeting through attendance, representation, proxy voting, or correspondence voting. Capital B reported that participation accounted for 54.748% of the 300,564,232 voting rights outstanding on the meeting date.
Under the approved resolutions, the board now has authority to establish up to €5 billion in nominal capital increases and up to €100 billion in nominal credit instrument issuance. Capital B said the authorization supports its Bitcoin Treasury Company strategy, which focuses on increasing the amount of Bitcoin held per fully diluted share over time.
The company stated that the approved equity authorization could represent as many as 125 billion shares based on the current nominal value of €0.04 per share.
Approval follows weeks of treasury expansion plans
The vote concludes a process that began on June 2 when Alexandre Laizet, Capital B’s board director of Bitcoin Strategy, disclosed plans to seek shareholder approval for the financing capacity.
At the time, Laizet said the company wanted additional flexibility to fund future Bitcoin acquisitions. Company disclosures showed Capital B had already raised about $325 million to support its treasury strategy and held 3,139 BTC after a series of recent purchases.
In a separate resolution, shareholders approved changing the company’s legal name from The Blockchain Group to Capital B. The company said the change aligns its corporate name with the commercial identity it adopted in July 2025.
Earlier this year, Capital B completed a €15.2 million private placement backed by investors including Blockstream chief executive Adam Back and Paris-based asset manager TOBAM. The company later used part of those proceeds to acquire 192 BTC and subsequently purchased another 4 BTC.
Capital B, which operated as The Blockchain Group before adopting the Capital B brand in 2025, has built its treasury strategy around increasing Bitcoin per fully diluted share rather than focusing solely on total Bitcoin holdings.
Company advances Bitcoin-backed financing plans
The shareholder approval also arrives one day after Laizet disclosed plans for a Bitcoin-backed digital credit product aimed at European investors during an interview at BTC Prague.
Laizet said the proposed instrument draws inspiration from products launched by Strategy and Strive. He said Capital B is developing a structure designed to offer double-digit yields while maintaining volatility below double-digit levels.
During the interview, Laizet said investor interest in digital credit products had increased tenfold compared with the previous year. He also stated that Bitcoin treasury companies can support such products through appreciation in their Bitcoin reserves.
No launch date has been announced for the planned credit instrument.
Capital B describes itself as Europe’s first Bitcoin treasury company and has stated on its website that it aims to accumulate 1% of Bitcoin’s total supply by 2033. The company has also set a target of holding 15,000 BTC by the end of 2027.
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