Capital B shareholders have approved a massive financing plan of up to $120 billion to support the company’s long-term Bitcoin accumulation strategy, according to an announcement on Wednesday.
The France-listed Bitcoin treasury firm said shareholders backed authorizations allowing it to raise up to €105 billion ($120.4 billion) through a mix of equity and debt instruments.
More than 95% of votes supported the plan, which includes up to €5 billion in capital increases — equivalent to as many as 125 billion new shares at current nominal value — and up to €100 billion in credit-based financing.
Capital B said the new funding capacity is designed to “accelerate its Bitcoin accumulation strategy,” with a focus on increasing the amount of Bitcoin held per fully diluted share over time.
At the company’s general meeting, it was also noted that Capital B currently has around 300.65 million voting shares. If the full share issuance is used, existing shareholders would see significant dilution, reducing their ownership to roughly 0.24%.
Shareholders additionally approved a name change from The Blockchain Group to Capital B, aligning the legal entity with its brand identity adopted in 2025.
Despite the scale of the announcement, Capital B shares showed little movement following the news, according to Yahoo Finance data.
Capital B is currently Europe’s second-largest Bitcoin treasury company, holding 3,139 BTC worth about $200 million. It sits behind Germany-based Bitcoin Group SE, which holds 3,604 BTC valued at roughly $230 million, according to Bitcoin Treasuries data.
So far, the company has raised about $325 million in total funding, including earlier investments from figures such as Blockstream CEO Adam Back and Paris-based asset manager TOBAM.
The move highlights a growing divide in the sector: while some treasury firms are aggressively expanding Bitcoin exposure, others are scaling back or actively unwinding their crypto strategies.
Featured image from: cointelegraph.com