Capital B Proposes $122 Billion Raise To Buy More Bitcoin
Highlights
- France's Capital B plans to raise $122 billion through shares and credit instrument issuances.
- It aims to use the proceeds to buy Bitcoin in the long-term.
- The company is seeking shareholder approval to move forward with this proposal.
French Bitcoin treasury Capital B has called for shareholders to approve a humongous financing plan. The fundraiser worth nearly $122 billion is designed to grow its Bitcoin holdings, the company said.
Bitcoin Treasury Capital B Opens Voting For Fundraise Proposal
This proposal will be submitted at Ordinary and Extraordinary General Meeting of the company for June 17, 2026. Shareholders will consider and vote on a new fundraising plan.
If approved, it will enable Capital B to use share issuances to raise a total of up to €5 billion (US$5.46 billion). In addition, it’ll allow the issuance of credit instruments to raise a total of up to €100 billion (US$116.4 billion).
In the letter to shareholders, the company is looking to use the extra financing to accelerate its plan to buy Bitcoin. Capital B said intends to raise “the number of Bitcoin per fully diluted share over time.”
The €5 billion approval could represent up to 125 billion new shares if the current nominal share price of €0.04 is maintained, the company said. Earlier, Capital B raised around $18 million to buy more BTC.
Along similar lines, Vivek Ramaswamy-backed Strive is also looking to expand ASST and SATA stock offerings by $2.1 billion each. The proceeds could be channelized to continue acquiring Bitcoin, per its materials.
BTC Accumulation Strategy In Focus
Capital B’s Bitcoin Strategy Board Director Alexandre Laizet urged investors to vote in favor of the proposal. In a post on X, Laizet wrote: “Dear Shareholders, in line with the deployment of $ALCPB Bitcoin Treasury Company strategy, we are submitting to your approval a new delegation of authority to the Board of Directors.”
The requested authority would aid in the “accelerate its Bitcoin accumulation strategy,” he added. Thus, there will also be a vote on Capital B’s 2025 financial statements at the June 17 meeting. Meanwhile, Michael Saylor’s Strategy is also undergoing a shareholder vote on its STRC dividend proposal.
The company has put in place online voting procedures for shareholders. Votes are accepted until June 16 at 3 PM Paris time. Moreover, it added that postal ballots must be received by June 12 before midnight.
Prior to the vote, the Capital B shareholder voting materials, draft resolutions, and meeting documents will be available on its investor relations website.
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