Alexandre Laizet, Capital B’s director of Bitcoin strategy, announced a proposal seeking shareholder approval for a new equity issuance of up to €5 billion and a credit instrument allowance of €100 billion. This initiative aims to supercharge the company’s Bitcoin accumulation, focusing on increasing Bitcoin per fully diluted share over time.
The French firm, formerly known as The Blockchain Group and rebranded in July 2025, already holds 3,139 BTC after recent purchases. The proposal, revealed via X on Monday, gives shareholders until June 17 to vote during the company’s general meeting. Laizet emphasized that the authorization would enable the issuance of up to 125 billion new shares at the current nominal value of €0.04 each, alongside substantial debt instruments, to accelerate Bitcoin acquisition.
Capital B has previously raised around $325 million through institutional rounds, including a €15.2 million private placement in May involving Blockstream CEO Adam Back and Paris-based TOBAM. Proceeds from that round funded the acquisition of 192 BTC, and a further purchase of 4 BTC was disclosed on Monday, bringing holdings to 3,139 BTC.
While Capital B pushes forward with aggressive expansion, other Bitcoin treasury firms are scaling back. Sequans Communications recently ended its Bitcoin strategy, holding 658 BTC valued at $48 million, and plans to sell its remaining stash. Strategy sold 32 BTC for preferred stock distributions, its first sale since 2022. Nakamoto adopted a derivatives strategy and sold 284 BTC earlier this year. These contrasting moves highlight varying corporate approaches to Bitcoin treasury management amid market volatility.