Capital B ALCPB to enact 10-for-1 reverse stock split on Sept. 8

Capital B ALCPB will carry out a 10-for-1 reverse stock split on Sept. 8, reducing its outstanding shares from about 300.7 million to about 30.1 million as it seeks to support institutional development and broaden access to its stock. The consolidation will raise the par value of each share from €0.08 to €0.80, with every 10 old shares exchanged for one new share of equivalent aggregate value. The exchange period runs from Aug. 6 through Sept. 7, 2026, with the new consolidated shares due to begin trading on Sept. 8 and a record date set for Sept. 9. Capital B, formerly known as The Blockchain Group and positioning itself as Europe’s first Bitcoin Treasury Company, said convertible bonds and warrants will be suspended from Aug. 17 to Sept. 10 to allow for post-split adjustments, while fractional entitlements will be settled through market sales starting Sept. 14. The company said the move should make the stock more attractive to institutional investors. Capital B shares trade near €0.48 on Euronext Growth Paris, implying a post-consolidation reference price near €4.80 if market value holds. The company holds 3,139 Bitcoin, making it Europe’s second-largest listed corporate Bitcoin holder behind Germany’s Bitcoin Group SE, which holds 3,605 BTC, according to BitcoinTreasuries.net. In May, Capital B bought 192 BTC for €13 million after three capital raises, and in June shareholders approved authority for up to €5 billion in capital increases and €100 billion in credit instruments to support future purchases.