Capital B shareholders approved a large-scale financing mandate at the company's June 17 general meeting to support its Bitcoin treasury strategy. The France-listed firm received authorization for up to €5 billion in equity capacity and up to €100 billion in credit instruments, according to the company's AGM communication. The approvals came alongside the company's formal rebrand from The Blockchain Group to Capital B, with the strategy focused on increasing Bitcoin per fully diluted share over time.
Capital B Receives €5 Billion Equity and €100 Billion Credit Authorization
The shareholder resolutions approved at the June 17 general meeting provide Capital B with two financing mechanisms. The equity authorization allows the company to issue new shares within the approved €5 billion limit. The credit authorization gives the company room to use debt instruments up to €100 billion. According to the company's AGM communication published through ActusNews, these measures create a financing framework that can be used to support future Bitcoin purchases if management acts and market conditions allow.
Company Holds 3,139 BTC and Targets 210,000 BTC by 2033
Capital B currently holds 3,139 BTC, according to the company's corporate site. The company has outlined a long-term ambition to acquire 1% of Bitcoin's circulating supply, or about 210,000 BTC, by 2033. The company describes its strategy as a European corporate Bitcoin treasury vehicle built around increasing the amount of Bitcoin held per fully diluted share over time. The company is listed on Euronext under the ticker FR0011053671-ALXP.
Shareholder Approval Signals European Corporate Bitcoin Treasury Adoption
The shareholder backing represents one of Europe's most aggressive Bitcoin treasury financing plans approved by a listed company. The approval tells the market that the corporate treasury narrative is no longer limited to US-listed firms. Corporate Bitcoin treasury strategies have become one of the most visible institutional adoption narratives in the market, with Strategy (formerly MicroStrategy) turning the model into a public-market template. Capital B is presenting itself as a European version of that approach, giving equity investors exposure to a corporate BTC accumulation vehicle.
FAQ
What did Capital B shareholders approve on June 17?
Capital B shareholders approved financing authorizations for up to €5 billion in equity capacity and up to €100 billion in credit instruments at the company's June 17 general meeting. The approvals are tied to the company's Bitcoin treasury strategy.
How much Bitcoin does Capital B currently hold?
Capital B holds 3,139 BTC, according to the company's corporate site. The company has stated a long-term ambition to acquire 210,000 BTC by 2033.
What is Capital B's Bitcoin treasury strategy?
Capital B's strategy focuses on increasing Bitcoin per fully diluted share over time. The company positions itself as a European corporate Bitcoin treasury vehicle, using the approved financing framework to support future Bitcoin purchases.
