Strategy Nears 850,000 BTC as Capital B Expands Treasury Holdings
Corporate Bitcoin accumulation accelerated again this week as Strategy disclosed another multi-billion-dollar purchase while French-listed treasury firm Capital B expanded its own balance sheet through fresh equity raises tied directly to Bitcoin acquisitions.
Summary:
- Strategy purchased 24,869 BTC for roughly $2.01 billion.
- The company now holds 843,738 BTC worth over $63 billion at cost.
- Capital B raised fresh capital to acquire an additional 192 BTC.
The announcements highlighted how publicly traded companies continue deepening exposure to Bitcoin despite broader volatility across digital asset markets.
Strategy Pushes Holdings Toward 850,000 BTC
Strategy disclosed that it acquired 24,869 BTC at an average price near $80,985 per coin, bringing the firm’s total holdings to 843,738 BTC as of May 17.
The company said its aggregate Bitcoin purchases now total approximately $63.87 billion at an average acquisition price near $75,700 per Bitcoin.
Management also reported a year-to-date BTC Yield metric of 12.6% for 2026, reflecting the company’s ongoing strategy of increasing Bitcoin-per-share exposure for investors.
The latest purchase reinforces Strategy’s position as the largest corporate Bitcoin holder globally by a wide margin.
Capital B Expands Treasury Strategy in Europe
Meanwhile, Paris-listed Capital B continued building its own Bitcoin treasury model through a fresh round of equity financing.
The company announced it acquired 192 BTC for approximately €13 million, or roughly $15.2 million, at an average purchase price near $78,948 per coin.
Following the latest acquisition, Capital B’s total Bitcoin holdings climbed to 3,135 BTC.
The firm also reported a year-to-date BTC Yield of 1.82% as it continues adopting treasury metrics similar to those pioneered by Strategy.
Equity Raises Fuel New Bitcoin Purchases
Capital B funded the latest Bitcoin purchases through roughly €17.15 million in recently completed capital increases.
The largest portion came through a €15.2 million private placement involving more than 23 million ABSA shares issued with attached warrants.
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Adam Back – the chief executive of Blockstream and one of Bitcoin’s earliest cryptography contributors – also participated in the financing round through additional warrant subscriptions.
The company separately raised capital through an at-the-market issuance agreement with Paris-based asset manager TOBAM.
Corporate Bitcoin Race Intensifies
The parallel announcements underscore how corporate Bitcoin treasury strategies continue spreading beyond North America into Europe and other global markets.
Public companies increasingly view Bitcoin accumulation not simply as a treasury diversification tool but as a core equity growth strategy designed to attract investors seeking leveraged exposure to digital assets.
Analysts said the continued appetite for equity-funded Bitcoin purchases reflects strong institutional confidence that corporate treasury adoption remains in its early stages despite market volatility.
The strategy has also created a growing divide between companies aggressively issuing equity to accumulate Bitcoin and more conservative corporate treasuries that remain hesitant to adopt digital assets directly.
Bitcoin Treasury Model Gains Global Momentum
The rapid expansion of Bitcoin treasury companies is increasingly reshaping how public markets interact with digital assets.
Rather than accessing crypto exposure solely through ETFs or exchanges, investors are increasingly using publicly traded treasury firms as proxy vehicles for leveraged Bitcoin accumulation.
Analysts noted that the emergence of European firms such as Capital B suggests the “Strategy model” is evolving into a broader global capital markets trend rather than remaining an isolated corporate experiment.
The continued growth in corporate Bitcoin holdings also reinforces tightening supply dynamics across the broader Bitcoin market as large treasury entities absorb increasing portions of circulating supply.
The information presented in this article is intended for informational purposes only and should not be interpreted as financial, investment, or trading advice. Coinspress.com does not promote or advocate for any particular investment strategy, asset, or cryptocurrency project. Cryptocurrency markets are highly volatile and unpredictable – always perform your own research and seek guidance from a qualified financial professional before making any investment decisions.
Alexander Zdravkov
Reporter at CoinsPress
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 10,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
