Press Release
1
June 01, 2026, 08:00 CET
Capital B confirms the acquisition of 4 BTC for €0.26 million, the holding of a total of 3,139 BTC, and a BTC Yield of 1.85% YTD
- Final completion of capital increases at €0.63 per share, for an amount of €0.24 million, under the "ATM" type capital increase contract with TOBAM
- Acquisition of 4 BTC for an amount of €0.26 million
- BTC Yield of 1.85% YTD and 1.12% QTD
- BTC Gain of 52.2 BTC YTD and 32.4 BTC QTD
- BTC € Gain of €3.3 million YTD and €2.0 million QTD
- Total group holdings of 3,139 BTC with an acquisition value of €283.8 million at €90,418 per bitcoin, corresponding to the average unitary acquisition cost of the BTC held as part of the Bitcoin Treasury Company strategy
Puteaux, June 01, 2026: Capital B (The Blockchain Group, ISIN: FR0011053636, ticker: ALCPB | US: CPTLF) (the "Company"), listed on Euronext Growth Paris, Europe's first Bitcoin Treasury Company, holding subsidiaries specialized in Data Intelligence, AI, and decentralized technology consulting and development, and corporate treasury, announces the final completion of capital increases at €0.63 per share, for an amount of €0.24 million, under the "ATM" type capital increase contract with TOBAM. The Company has thus acquired 4 BTC for an amount of €0.26 million. The Group has achieved since the beginning of the year a 'BTC Yield' of 1.85%, a 'BTC Gain' of 52.2 BTC, and a 'BTC € Gain' of €3.3 million. As of today, Capital B and its subsidiary Capital B Luxembourg SA hold a total of 3,139 BTC as part of the Bitcoin Treasury Company strategy, with an acquisition value of €283.8 million, based on an average price of €90,418 per bitcoin. A detailed presentation of the Company's Bitcoin Treasury Company strategy, focused on increasing the number of bitcoin per fully diluted share over time, is available on the Company's website: https://cptlb.com/about/who-we-are/
Final completion of capital increases as part of the "ATM-type" capital increase program with TOBAM
Making use of the delegation of authority granted to him by the Board of Directors, itself acting under the 12th resolution approved by the General Meeting of Shareholders on June 10, 2025, the Company's Chief Executive Officer decided to carry out capital increases for a total amount of €242,825.71 (including share premium), through the issuance of 384,820 new ordinary shares at an average rounded subscription price of
€0.63 per share.
The Company combined in this press release the subscription requests received from TOBAM between May 11 and May 22, 2026, and the subscription price has been determined in accordance with the terms of the ATM Agreement renewed on January 26, 2026, namely:
The subscription price for each request is equal to the highest of (i) the closing price of the trading day preceding the request, (ii) the euro equivalent of a "mNAV", defined and adjustable by the Company, of the trading day preceding the request, and (iii) the floor price provided for in the resolution of the relevant Extraordinary General Meeting (EGM) (e.g., to date, a floor price set by the Company's extraordinary general meeting of June 10, 2025 corresponding to the average of the VWAPs of the last 20 trading days preceding the request -15%); and
The number of shares requested cannot exceed 21% of the trading volume of the trading day preceding the request.
The shares issued will be admitted to trading on Euronext Growth in Paris (offer compartment). The transaction does not require the preparation of a prospectus subject to approval by the AMF.
The average rounded subscription price of €0.63 represents a premium of 16.8% compared to the closing price on the trading day preceding this press release.
In accordance with the Program, the Chief Executive Officer has waived shareholders' preferential subscription rights in favor of the investors to whom the offer is addressed, in the proportions set out below:
Investor | Number of shares | Rounded average price / share (€) | Amount (€) |
TOBAM Bitcoin Enhanced Fund | 166,820 | €0.63 | €105,244.44 |
TOBAM Bitcoin Alpha Fund | 218,000 | €0.63 | €137,581.27 |
TOBAM Bitcoin Treasury Opportunities Fund | |||
TOBAM BTC Linked and Blockchain Equity Fund | |||
MDP - TOBAM Global Blockchain Equity Fund | |||
TOTAL | 384,820 | €0.63 | €242,825.71 |
Impact of the operations on the distribution of the Company's share capital
The impact of the completion of the operations described above on the distribution of the Company's share capital is as follows:
Ordinary basis | Fully diluted basis (*) | |||
Shareholders | Number of shares | % capital | Number of shares | % capital |
Executives | 20,716,193 | 6.89% | 22,492,443 | 5.34% |
Blockstream Capital Partners | 43,118,442 | 14.34% | 151,107,221 | 35.87% |
Adam Back | 40,146,541 | 13.35% | 42,094,425 | 9.99% |
TOBAM | 11,796,854 | 3.92% | 19,202,343 | 4.56% |
UTXO Management | 4,244,478 | 1.41% | 4,244,478 | 1.01% |
Peak Hodl Ltd | 2,500,000 | 0.83% | 2,500,000 | 0.59% |
Public & Institutional | 178,128,124 | 59.25% | 179,622,971 | 42.64% |
TOTAL | 300,650,632 | 100% | 421,263,881 | 100% |
(*) Calculations performed based on the number of shares comprising the Company's share capital as of the press release date, adding the shares resulting from (i) the conversion of all the Company's convertible bonds (OCAs) issued or announced, (ii) conservatively, the issuance pursuant to legal adjustment measures for the benefit of the holders of OCA B-01 as part of the BSA 2025-01 issuance (see press release dated April 7, 2025), and (iii) the free shares granted by the Company to certain employees and corporate officers, but not yet definitively acquired by their beneficiaries, the number of which amounts to 2,060,760 as of the date of this press release. It is noted that the Company is authorized to issue additional free shares within the limit provided by the resolutions of the general meeting of June 10, 2025. However, this fully diluted basis does not include (i) the shares that may correspond to the amounts not yet issued to date under the authorized €300M capital increases for the benefit of TOBAM, (ii) the future potential exercise of outstanding BSA 2026-01, BSA 2026-02, BSA 2026-03, BSA 2026-04, BSA 2026-05, and (iii) the exercise of the BSA OC A-03, A-04, B-04 and A-05.
Expansion of the Company's bitcoin holdings
Capital B announces the final completion of the acquisition of an additional 4 BTC using the proceeds from the final completion of the operations described above, as part of the continuation of its Bitcoin Treasury Company strategy.
Swissquote Bank Europe SA, a virtual asset service provider (VASP) registered with the Luxembourg regulator (CSSF), executed the acquisition of the BTC using the proceeds from the capital increase operation and was entrusted with their secure custody via the technological solution of Swiss company Taurus.
Detail of the Group's BTC acquisitions:
Reported Date | BTC Acquisition | BTC Acquisition € Cost Basis | Total BTC Holdings | Total BTC € Cost Basis1 | Total BTC € Cost | Total BTC € Net Asset Value2 |
June 1, 2026 | 4 | €64 989 | 3,139 | €90 418 | €283 822 703 | €198,020,676 |
May 18, 2026 | 192 | €67 866 | 3,135 | €90,451 | €283,562,745 | €213,493,500 |
April 27, 2026 | 6 | €66,951 | 2,943 | €91,924 | €270,532,431 | €195,809,562 |
April 20, 2026 | 12 | €62,570 | 2,937 | €91,975 | €270,130,725 | €193,844,937 |
April 13, 2026 | 37 | €60,892 | 2,925 | €92,096 | €269,379,886 | €181,493,325 |
March 23, 2026 | 44 | €61,763 | 2,888 | €92,495 | €267,126,900 | €174,449,640 |
March 16, 2026 | 8 | €60,934 | 2,844 | €92,971 | €264,409,342 | €178,543,476 |
March 9, 2026 | 2 | €61,660 | 2,836 | €93,061 | €263,921,868 | €167,411,916 |
February 16, 2026 | 6 | €55,270 | 2,834 | €93,083 | €263,798,549 | €165,086,168 |
February 9, 2026 | 5 | €64,124 | 2,828 | €93,164 | €263,466,929 | €168,062,384 |
November 25, 2025 | 5 | €88,968 | 2,823 | €93,215 | €263,146,305 | €213,319,995 |
October 20, 2025 | 6 | €96,231 | 2,818 | €93,223 | €262,701,464 | €271,178,254 |
September 29, 2025 | 12 | €95,935 | 2,812 | €93,216 | €262,124,079 | €269,770,581 |
September 22, 2025 | 551 | €99,272 | 2,800 | €93,205 | €260,972,853 | €277,962,677 |
September 15, 2025 | 48 | €98,575 | 2,249 | €91,718 | €206,273,769 | €221,695,332 |
August 11, 2025 | 126 | €98,746 | 2,201 | €91,568 | €201,542,166 | €217,339,641 |
August 5, 2025 | 62 | €99,889 | 2,075 | €91,133 | €189,100,187 | €207,269,347 |
July 28, 2025 | 58 | €102,211 | 2,013 | €90,863 | €182,907,079 | €205,751,541 |
July 21, 2025 | 22 | €101,112 | 1,955 | €90,526 | €176,978,818 | €197,674,331 |
July 14, 2025 | 29 | €95,225 | 1,933 | €90,406 | €174,754,350 | €184,069,828 |
July 7, 2025 | 116 | €92,175 | 1,904 | €90,332 | €171,992,827 | €175,501,059 |
June 30, 2025 | 60 | €91,879 | 1,788 | €90,213 | €161,300,535 | €164,280,027 |
June 23, 2025 | 75 | €91,792 | 1,728 | €90,155 | €155,787,783 | €158,616,662 |
June 17, 2025 | 182 | €93,264 | 1,653 | €90,081 | €148,903,379 | €154,165,568 |
June 2, 2025 | 624 | €96,447 | 1,471 | €89,687 | €131,929,311 | €141,874,161 |
May 22, 2025 | 227 | €93,518 | 847 | €84,706 | €71,746,119 | €79,209,857 |
March 26, 2025 | 580 | €81,550 | 620 | €81,480 | €50,517,503 | €50,560,770 |
December 4, 2024 | 25 | €90,511 | 40 | €80,468 | €3,218,718 | €3,261,985 |
November 5, 2024 | 15 | €63,729 | 15 | €63,729 | €955,941 | €1,223,244 |
The Total BTC € Cost Basis corresponds to the average unitary acquisition cost of the BTC held as part of the Bitcoin Treasury Company strategy.
For all press releases up to and including 20 October 2025, the Total BTC € Net Asset Value was calculated by multiplying the Total BTC Holdings as of the date reported in the above table by the latest BTC Acquisition € Cost Basis on that same date.
Given the volatility in the price of BTC, the Company specifies that, starting 25 November 2025, the Total BTC € Net Asset Value is now calculated by multiplying the Total BTC Holdings as of the reported date by the BTC price at closing time on the trading day preceding the press release (source: Boursorama).
Achievement of a 'BTC Yield' of 1.85% YTD and 1.12% QTD
The Group has achieved a 'BTC Yield' of 1.85% YTD and 1.12% QTD. The details are as follows:
Year To Date (YTD):
Reported Date | Total BTC Holdings | Issued Common Shares | Fully Diluted Shares1 | BTC (sats) per Fully Diluted Share2 | 'BTC Yield' YTD | 'BTC Gain' YTD | 'BTC € Gain' YTD |
June 1, 2026 | 3,139 | 300,650,632 | 427,460,481 | 734.3 | 1.85% | 52.2 | €3,294,196 |
May 18, 2026 | 3,135 | 300,265,812 | 427,055,661 | 734.1 | 1.82% | 51.3 | €3,491,989 |
April 27, 2026 | 2,943 | 275,910,417 | 401,727,453 | 732.6 | 1.61% | 45.4 | €3,018,293 |
April 20, 2026 | 2,937 | 274,947,324 | 401,044,360 | 732.3 | 1.57% | 44.4 | €2,929,950 |
April 13, 2026 | 2,925 | 272,210,021 | 400,673,659 | 730.0 | 1.25% | 35.3 | €2,191,507 |
March 23, 2026 | 2,888 | 229,727,727 | 397,686,652 | 726.2 | 0.72% | 20.4 | €1,229,821 |
March 16, 2026 | 2,844 | 229,057,821 | 393,317,210 | 723.1 | 0.29% | 8.1 | €511,393 |
March 9, 2026 | 2,836 | 228,269,631 | 392,529,020 | 722.5 | 0.21% | 5.9 | €345,389 |
February 16, 2026 | 2,834 | 228,069,631 | 392,329,020 | 722.4 | 0.19% | 5.3 | €308,566 |
February 9, 2026 | 2,828 | 227,468,631 | 391,728,020 | 721.9 | 0.13% | 3.6 | €216,272 |
November 25, 2025 | 2,823 | 226,884,068 | 391,534,528 | 721 | 1,658.5% | 663.4 | €59,022,899 |
Note on the BTC holdings at the date of this press release: the Company indicates that it currently holds an additional 61 BTC for its operational needs, and precises that these BTC are segregated from its Bitcoin reserve held under its Bitcoin Treasury Company strategy and are in this regard not included in the key performance indicators published by the Company.
Quarter To Date (QTD):
Reported Date | Total BTC Holdings | Issued Common Shares | Fully Diluted Shares1 | BTC (sats) per Fully Diluted Share2 | 'BTC Yield' QTD | 'BTC Gain' QTD | 'BTC € Gain' QTD |
June 1, 2026 | 3,139 | 300,650,632 | 427,460,481 | 734.3 | 1.12% | 32.4 | €2,041,385 |
May 18, 2026 | 3,135 | 300,265,812 | 427,055,661 | 734.1 | 1.09% | 31.4 | €2,138,556 |
April 27, 2026 | 2,943 | 275,910,417 | 401,727,453 | 732.6 | 0.88% | 25.4 | €1,689,807 |
April 20, 2026 | 2,937 | 274,947,324 | 401,044,360 | 732.3 | 0.85% | 24.4 | €1,611,100 |
April 13, 2026 | 2,925 | 272,210,021 | 400,673,659 | 730.0 | 0.53% | 15.2 | €942,787 |
March 23, 2026 | 2,888 | 229,727,727 | 397,686,652 | 726.2 | 0.72% | 20.4 | €1,229,821 |
(1) The number of shares on a fully diluted basis includes (i) the total number of ordinary shares outstanding, (ii) the shares that would be issued as a result of the conversion of all of the Company's convertible bonds currently issued, (iii) the free shares granted by the Company to certain of its employees and corporate officers, but which have not yet been definitively acquired by their beneficiaries, and the number of which amounts to 2,060,760 as of the date of this press release, (iv) a number of additional potential shares not yet issued or granted, but which may be issued or granted in the future and are included conservatively as part of the Company's Bitcoin Treasury Company strategy. As of the date of this press release, the Company has included an indicative reserve of 6,196,600 additional potential shares in the number of shares on a fully diluted basis, solely for the purposes of the Company's KPIs, in order to anticipate the impact of potential future issuances or