
The French Bitcoin treasury company also has authority to issue up to €5 billion in new equity as it pursues a long-term plan to build one of Europe’s largest corporate Bitcoin holdings.
Capital B said shareholders approved all resolutions at its annual general meeting with more than 95% support, giving the French Bitcoin treasury company authority to issue up to €5 billion in new equity and up to €100 billion in credit instruments. Around 164.6 million voting rights took part, representing about 54.7% of the 300.6 million voting rights outstanding. The mandate expands Capital B’s financing capacity as it pursues an aggressive Bitcoin accumulation strategy, with current holdings of 3,139 BTC and a stated target of reaching 1% of Bitcoin’s total supply, or about 210,000 BTC, by 2033. Recent fundraising included a €3 million March round via share subscription warrants from TOBAM and UTXO Management, followed by a €15.2 million private placement in May that included TOBAM and Blockstream CEO Adam Back. Capital B has also outlined plans for a Bitcoin-linked digital credit instrument for European investors, though no launch date has been set.