Bitcoin News: Capital B Approved to Raise $120B for Bitcoin Strategy

Key Insights:

• In Bitcoin news today, Capital B shareholders approved authorizations that allow the company to raise up to €105 billion ($120.4 billion) through equity and debt instruments to fund future Bitcoin purchases.
• More than 95% of investors backed the proposal, which supports Capital B’s strategy of increasing Bitcoin per fully diluted share. However, full execution could significantly dilute existing shareholders.
• The France-listed firm, Europe’s second-largest corporate Bitcoin holder with 3,139 BTC, is positioning for further Bitcoin accumulation. It’s rebranding from The Blockchain Group to Capital B.

Bitcoin news: Europe’s Capital B (formerly The Blockchain Group) announced on June 17 that its shareholders approved a plan to raise up to €105 billion. That’s roughly equivalent to $120 billion to fuel the firm’s Bitcoin treasury strategy.

The Paris-based firm is asking shareholders for a massive war chest, €5 billion in fresh equity and another €100 billion in debt, all in service of its Bitcoin accumulation plan.

The idea is simple enough: load up on BTC and push the amount of bitcoin behind each share higher. And shareholders, for once, were not in the mood to argue; each resolution sailed through with more than 95% support.

Bitcoin News: Funding Plan Details

Under the approved plan, Capital B can issue up to €5 billion in share capital (equivalent to up to 125 billion shares at the current €0.04 par value). It can also borrow up to €100 billion via credit instruments.

In practical terms, this creates a massive war chest, totaling about €105 billion. The company can deploy it to buy Bitcoin over time.

As the official press release notes, these steps are “in line with the deployment of the Bitcoin Treasury Company strategy,” focused on increasing the company’s BTC holdings.

Bitcoin News: Source: Capital B

The funding drive sailed through shareholder approval, and really, it never looked in much danger. Investors representing about 54.75% of voting shares showed up, and every resolution passed with more than 95% support.

Shareholders gave the funding drive an emphatic thumbs-up. The numbers make it pretty hard to spin otherwise. Holders representing about 54.75% of voting shares showed up to cast ballots. Every resolution passed with more than 95% support.

The vote also cleared the way for the company to drop “The Blockchain Group” and become “Capital B”. That feels less like a flashy rebrand than the legal name finally catching up with the one already in use. Not technically unanimous, sure, but in practice it came pretty close.

In addition to the financing authorizations, the company also secured approval to change its corporate name from “The Blockchain Group” to “Capital B”. That aligns the legal name with its public branding.

The voting results underscore the board’s control. Major investors in this Bitcoin news story clearly trust the plan.

Building Bitcoin Reserves

Capital B is using these new powers to beef up its Bitcoin reserves. The company disclosed that it holds 3,135 BTC on its balance sheet as of mid-May 2026. Those were acquired at a total cost of about €283.6 million.

That stash is worth roughly €284 million at historical cost. It serves as a baseline for the strategy. Bitcoin news observers will note that with the new funding authorization, each share could potentially be backed by even more BTC in the future.

Capital B’s website states a long-term goal of accumulating 1% of Bitcoin’s supply by 2033. So, this approved financing framework gives the company firepower to pursue that target.

Traders and analysts following Bitcoin news are watching to see how quickly Capital B moves. The company now has the authority to issue shares or debt on an unprecedented scale. However, it has not yet drawn down most of that capacity.

In the coming months, any large fundraises or bond issuances are likely to be earmarked for direct bitcoin buys. Until then, the key takeaway from the official press release is clear: Europe’s first Bitcoin treasury company is gearing up for major expansion.

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