French-listed company Capital B will submit a structural proposal to its shareholders to issue up to 122 billion dollars in capital and credit instruments, with the explicit objective of accelerating its digital asset acquisition program on a corporate scale.
The formal request submitted to the organization’s board of directors details the structuring of a maximum of 5 billion euros, equivalent to 5.8 billion dollars, through the issuance of 125 billion new shares calculated at their current nominal value.
🟠 Dear Shareholders, in line with the deployment of $ALCPB 🇫🇷 $CPTLF 🇺🇸 Bitcoin Treasury Company strategy, we are submitting to your approval a new delegation of authority to the Board of Directors allowing the establishment of a maximum capacity of 5 billion euros in nominal… https://t.co/G2dLYCxoHB pic.twitter.com/QSQZlXQkQS
— Alexandre Laizet ⚡️ (@AlexandreLaizet) June 1, 2026
The remaining block consists of the authorization to issue up to 116 billion in credit instruments, according to the financial parameters confirmed on June 1, 2026, in a social media public statement issued by Alexandre Laizet, director of the firm’s strategy committee.
Registered investors in the company have an electronic mechanism enabled to exercise their voting rights remotely. This consultation period will remain open until the combined general assembly scheduled for June 17, 2026, an event detailed entirely in the official corporate framework document of the European entity.
Prior to this capital expansion request, Capital B’s treasury maintained an uninterrupted accumulation policy that allowed it to reach a total of 3,139 BTC in corporate reserves. This balance includes a transaction executed in mid-May 2026, corresponding to 192 units acquired for a total of 15.2 million dollars at an average price of 78,948 dollars per coin. Added to this financial operation is a purchase of 4 units reported on June 1 of the same fiscal year.
The institutional acquisition pace of this French firm aligns with the strategic movements of other corporate actors. There is a measurable trend in the industry where multiple public companies expand treasuries in order to consolidate long-term positions through staggered purchases independent of the broader market cycle.
Historically, the company’s performance has relied on various rounds of institutional financing. As outlined in its annual financial results report, the entity has raised an approximate volume of 325 million dollars to date. Of that issued capital, 17.8 million comes from investors classified as strategic, a group that includes the Paris-based asset management firm TOBAM and executives from the digital infrastructure company Blockstream.
Stock market reaction and global positioning
The response of the equity markets to the announcement of the massive issuance of credit instruments was immediate and trended downward. The entity’s shares experienced a drop of 7 percent during the opening session, trading at 0.56 dollars at 10:17 am UTC on June 2, 2026. When evaluating the organization’s six-month performance, Capital B’s stock has accumulated a 44 percent decline, within a market context where the price of the underlying digital asset recorded a 19.4 percent decrease during the same time interval.
On a jurisdictional and corporate level, Capital B is currently consolidated as the twenty-fifth company worldwide with the highest concentration of this crypto asset on its financial balance sheet. Within the European region, it occupies the second operational position, surpassed only by the German organization Bitcoin Group SE, a financial entity that manages a fund of 3,605 BTC valued at 250 million.
The firm’s continuous leverage strategy contrasts with the corporate dynamics of other smaller entities that, even acknowledging the technical superiority of the asset, have chosen to execute total or partial liquidations of their digital reserves to sustain operations or hedge against directional risk.
Liquidation in smaller capitalization companies
On May 28, 2026, the French technology corporation Sequans Communications formally communicated the definitive cessation of its digital asset management strategy. The board argued the need to redirect capital flow exclusively toward the development of semiconductors for the Internet of Things sector. At the time of the regulatory declaration, the company held 658 units under corporate custody, equivalent to 48 million dollars, and notified the progressive liquidation of these positions, which drove a 14.5 percent increase in its share price during the morning session.
Another financial entity that restructured its holdings policy was Strategy, which announced on June 1, 2026, the liquidation of 32 BTC from its treasury with the specific goal of financing distributions corresponding to its preferred stock model, constituting its first reported sale since 2022.
Similarly, the Nakamoto company, listed on the Nasdaq index, communicated on April 24, 2026, the activation of an active derivatives program aimed at generating income and mitigating exposure to price drops, a measure implemented weeks after selling 284 units valued at 20 million dollars on March 30 of the same year.
The final confirmation regarding the authorization of the new capital and credit instruments issued by Capital B will depend on the official results of the shareholders’ meeting on June 17, 2026.
This article is for informational purposes only and does not constitute financial advice.
