Capital B Strikes Again: Record-Breaking 376 Bitcoin Haul Rocks 2026 Market

European bitcoin treasury Capital B has announced a significant Bitcoin (BTC) acquisition, purchasing 376 coins for €25.3 million (over $29 million). This latest buy was revealed just one week after the company confirmed an investment from Blockstream boss Adam Back. With this new acquisition, the Euronext Growth-listed company now holds a total of 3,521 bitcoins, which are valued at over $277 million at current market prices. This places Capital B as the 25th largest publicly traded bitcoin treasury globally, according to Bitcoin Treasuries data.

The company's strategic accumulation efforts have been bolstered by recent investments. Last week, it was announced that prominent bitcoiner Adam Back, who leads the bitcoin infrastructure firm Blockstream, had invested €7.6 million ($8.8 million) into Capital B, specifically to support its ongoing Bitcoin purchases. Furthermore, in August, Capital B successfully raised €21 million ($24 million) through a private placement, which was also backed by Adam Back and asset manager TOBAM. Despite these developments, Capital B's stock was observed trading 2% lower on Tuesday.

Capital B, which proudly identifies itself as "Europe’s first Bitcoin treasury company," built the majority of its Bitcoin position through various fundraising rounds conducted during the first half of 2026. A notable instance includes a May acquisition of 192 coins for €13 million, following the completion of three capital raises. The company has a clear long-term objective: to accumulate 1% of Bitcoin’s total supply by 2033, equating to a target holding of 210,000 bitcoins. This ambitious goal underscores its commitment to building a substantial bitcoin position.

The trend of digital asset treasuries gained considerable momentum in 2025, as a growing number of publicly traded companies sought to emulate Nasdaq-listed Strategy (formerly MicroStrategy), which pioneered large-scale corporate Bitcoin acquisitions in the same year. While many companies initially bought Bitcoin—and other cryptocurrencies—with the aim of boosting their stock prices, the subsequent drop in Bitcoin's value has left several of these firms in a precarious financial position, with some even forced to sell off their holdings. Strategy itself, the largest corporate holder of the asset, has adjusted its approach this year, slowing down its Bitcoin purchases to prioritize building a stronger cash balance and buying back its own stock amid declining share prices.