Capital B buys $29 million in bitcoin after raises, its largest BTC purchase in a year

Capital B, a French bitcoin treasury firm, announced Monday that it has acquired 376 BTC for €25.3 million ($29.4 million), marking its largest bitcoin (BTC) purchase in a year.The latest acquisition brought its total holdings to 3,521 BTC, acquired for a total of €309.4 million ($359.3 million), indicating an average purchase price of €87,878 ($102,058) per bitcoin, according to the company's statement.Monday's purchase also marked Capital B's largest bitcoin acquisition since September 2025, when it bought 551 BTC, per the statement. The company bought just 6 BTC last month.The firm said that the buy was funded by proceeds from recently completed capital raises, including a €28.7 million ($33.3 million) private placement. That included an additional €7.6 million ($8.8 million) investment from Adam Back, which lifted his stake to 17.64% on an ordinary basis, the statement shows.Originally known as The Blockchain Group, Capital B rebranded in July 2025 to focus on its bitcoin treasury strategy. Capital B said in June that it was exploring a bitcoin-backed credit product for the European market modeled after Strategy's STRC and Strive's SATA.Meanwhile, bitcoin remained little changed over the past 24 hours, trading at around $79,500 on Monday, according to The Block's BTC price page. The world's largest cryptocurrency reached a local high of around $81,700 last Thursday before retreating.