Sweden’s B Treasury Capital lists 195,078 Bitcoin-backed preferred shares with 10% dividend

B Treasury Capital AB has received approval to list 195,078 Class A preference shares on the Spotlight Stock Market, with trading in BTC PREF scheduled to start on July 20. The shares are priced at SEK 120 each and carry a fixed 10% annual dividend, with the rights issue expected to raise about SEK 23.4 million, or roughly $2.5 million, to fund additional Bitcoin purchases. The Stockholm-based company, founded in 2025, uses a dual-class structure in which common shares under BTCB are tied to Bitcoin price exposure, while the preference shares are designed to offer income. As of mid-July 2026, the company held about 172 BTC valued at around $11 million, which underpins the dividend payments. B Treasury Capital had previously described the deal as Europe’s first BTC-backed preferred equity offering, and the latest update frames it as Sweden’s first Bitcoin-backed preferred-share listing. The company previously raised SEK 7.2 million through a directed issue of 60,400 preference shares in December 2025, making the current offering materially larger.