Capital B, a French company that holds Bitcoin as part of its treasury, has announced a proposal to raise close to $122 billion through share issuances and credit instruments aimed at significantly expanding its Bitcoin accumulation.
The proposal will be put to a vote at Capital B’s upcoming Ordinary and Extraordinary General Meeting scheduled for mid-June 2026. Shareholders will decide whether the company’s board can issue new shares worth up to €5 billion (around $5.46 billion) and credit instruments totaling up to €100 billion (approximately $116.4 billion). If approved, this would enable drastic growth in Capital B’s Bitcoin holdings per fully diluted share, in line with the company’s stated strategic goals.
The €5 billion share issuance could potentially translate to as many as 125 billion new shares at the current nominal price of €0.04 apiece. This follows previous fundraising efforts where Capital B raised about $18 million for further Bitcoin purchases, indicating the company’s ongoing intent to deepen its exposure to Bitcoin through sizeable capital raises.
Capital B’s Board Director Alexandre Laizet has actively encouraged shareholders to support the financing request, emphasizing that the new authority will accelerate the company’s Bitcoin accumulation strategy. Ahead of the vote, shareholders have access to all proxy materials, draft resolutions, and meeting documents through the company’s investor relations site. Voting is available online until the day before the meeting, with postal ballots accepted until a few days earlier.
This ambitious proposal comes amid a broader wave of public companies pursuing crypto asset accumulation through capital markets. For instance, Strive, backed by entrepreneur Vivek Ramaswamy, also plans significant stock issuances potentially channeling funds into Bitcoin acquisitions. Similarly, Michael Saylor’s firm is undergoing a shareholder vote on a dividend proposal related to its crypto holdings.