Capital B shareholders approve €5bn equity, €100bn credit

Shareholders of the French-listed company Capital B have overwhelmingly approved a massive financing package to fund its Bitcoin acquisition strategy. The approvals, granted at a general meeting on June 17, authorize the company to raise up to 5 billion euros through equity issuance and up to 100 billion euros through credit instruments, creating a combined potential funding capacity of 105 billion euros.

The company reported that more than 95% of voting shareholders backed the measures. The stated goal of the financing is to accelerate the firm's "Bitcoin Treasury Company" strategy, which focuses on increasing the amount of Bitcoin held per fully diluted share over time. The shareholder meeting also ratified the company's formal name change from The Blockchain Group to Capital B, aligning its legal name with a commercial brand adopted in 2025.

Capital B currently holds 3,139 Bitcoin, which it says makes it Europe's second-largest corporate Bitcoin treasury. The company has previously outlined an ambitious long-term target of acquiring 1% of Bitcoin's total supply, or approximately 210,000 BTC, by 2033. It has also set a nearer-term goal of reaching 15,000 BTC by the end of...