Capital B has submitted a comprehensive proposal to shareholders seeking authorization for up to $122 billion in new equity issuance and €100 billion in credit instruments for future fundraising. According to Alexandre Laizet, Capital B's board director of Bitcoin Strategy, the proposal would allow the company to issue up to 12.5 billion new shares at current nominal value alongside a large pool of debt and credit instruments. As reported by Laizet, the proposal aims to accelerate Capital B's Bitcoin accumulation strategy focused on increasing the number of bitcoin per fully diluted share over time. Shareholders may vote online prior to the company's joint general meeting on June 17, 2026. The €5 billion approval could represent up to 125 billion new shares if the current nominal share price of €0.04 is maintained.
Capital B has significantly expanded its Bitcoin holdings through recent purchases funded by institutional capital. The company completed a €15.2 million private placement in May that included participation from Blockstream CEO Adam Back and Paris-based asset manager TOBAM. According to company disclosures, Capital B used part of these proceeds to acquire 192 BTC worth approximately €13 million, lifting its Bitcoin treasury to 3,135 BTC at the time. A separate announcement on Monday disclosed another purchase of 4 BTC, bringing the company's total holdings to 3,139 BTC as of June 1. Earlier, Capital B had raised around $18 million to buy more BTC, demonstrating its continued commitment to expanding its digital asset treasury.
The May fundraising round demonstrated strong institutional interest in Capital B's treasury strategy. Corporate filings showed that Capital B issued more than 23 million shares with attached warrants to institutional investors across the U.S., Europe and other jurisdictions. The warrants, if fully exercised, could generate an additional €99.1 million through the issuance of more than 92 million new shares. Adam Back's ownership would reportedly rise to 13.43% on an ordinary basis following the placement, while Blockstream Capital Partners would hold 14.42%, and TOBAM's stake was projected to increase to 4.20%.
The latest developments highlight a significant divergence among corporate Bitcoin treasury firms. While Capital B continues its aggressive accumulation strategy, Strategy disclosed its first public Bitcoin sale of 32 BTC for $2.5 million at an average price of $77,135, marking a contrast with Strive's recent 2,500 BTC acquisition for $185.2 million at an average price of $74,092. Strategy remains the largest corporate Bitcoin holder, but the sale drew attention as the company's first publicized disposal during broader crypto market weakness. Bitcoin remained under pressure, trading near $69,116 after falling more than 4% on the day, with the corporate Bitcoin trend expanding across Europe as Capital B opens online voting for its June 17 general meeting.
