Capital B, formerly known as The Blockchain Group, recently finalized the acquisition of 58 BTC, bringing its total holdings to 2,013 BTC as of July 28, 2025.
Deal Overview
Capital B confirmed its acquisition of 58 BTC, raising its total Bitcoin assets to 2,013 BTC. This transaction was made possible through a €6.6 million capital increase backed by Adam Back and TOBAM.
Capital B's Long-term Strategy
CEO of Capital B, Xavier Latil, emphasized the strategic significance of Bitcoin as a treasury asset. He stated:
"This new acquisition, made possible by the strong backing of our partners and investors, underscores our long-term vision and dedication to establishing Bitcoin as a strategic treasury asset for European companies." — Xavier Latil, CEO, Capital B
Market Impact
Capital B's acquisition has significant implications for the cryptocurrency market, particularly in Europe. This strategy involves using Bitcoin as a primary treasury asset. The valuation of BTC has surpassed €200 million, indicating high interest in cryptocurrencies from institutional investors.
Capital B's strategy highlights the growing recognition of Bitcoin as a tool for corporate asset management in Europe. Adam Back's involvement signifies the importance of institutional support for the future adoption of Bitcoin in corporate treasuries.
