Capital B shareholders have approved a comprehensive financing framework that authorizes up to €5 billion (~$5.36 billion) in capital increases and €100 billion (~$107.15 billion) in credit instruments to support the company's Bitcoin treasury strategy. According to the company's June 17 press release, all resolutions presented at the Annual Ordinary and Extraordinary General Meeting received more than 95% support from shareholders. The Paris-listed company reported that shareholders representing 164,555,315 voting rights participated in the meeting, accounting for 54.748% of the 300,564,232 voting rights outstanding.
Under the approved resolutions, the board now has authority to establish up to €5 billion in nominal capital increases and up to €100 billion in nominal credit instrument issuance. As reported by Capital B, the authorization supports its Bitcoin Treasury Company strategy, which focuses on increasing the amount of Bitcoin held per fully diluted share over time. The company stated that the approved equity authorization could represent as many as 125 billion shares based on the current nominal value of €0.04 per share. This expansion follows the company's existing treasury strategy, where Capital B has already raised about $325 million and held 3,139 BTC after recent purchases.
In a separate resolution, shareholders approved changing the company's legal name from The Blockchain Group to Capital B, aligning with the commercial identity adopted in July 2025. According to Capital B, this name change reflects the company's evolution from its previous operations as The Blockchain Group before adopting the Capital B brand in 2025. The company completed a €15.2 million private placement earlier this year, backed by investors including Blockstream chief executive Adam Back and Paris-based asset manager TOBAM. Capital B later used part of those proceeds to acquire 192 BTC and subsequently purchased another 4 BTC.
The shareholder approval arrives one day after Capital B's board director of Bitcoin Strategy, Alexandre Laizet, disclosed plans for a Bitcoin-backed digital credit product aimed at European investors during an interview at BTC Prague. As reported by Laizet, the proposed instrument draws inspiration from products launched by Strategy and Strive, designed to offer double-digit yields while maintaining volatility below double-digit levels. He noted that investor interest in digital credit products had increased tenfold compared with the previous year. No launch date has been announced for the planned credit instrument, though Capital B describes itself as Europe's first Bitcoin treasury company and aims to accumulate 1% of Bitcoin's total supply by 2033.
