The trend of public companies adding Bitcoin to their balance sheets is gaining steam in Europe. On Monday, August 4, French firm it has raised €11.5 million ($13.3 million) specifically to buy more Bitcoin, the latest in a wave of similar moves from companies across the continent looking to use the crypto as a treasury asset.
The trend of public companies adding Bitcoin to their balance sheets is gaining steam in Europe. On Monday, August 4, French firm it has raised €11.5 million ($13.3 million) specifically to buy more Bitcoin, the latest in a wave of similar moves from companies across the continent looking to use the crypto as a treasury asset.
Capital B, which is listed on the Euronext Growth Paris exchange, said the new financing will go toward the purchase of an estimated 160 Bitcoin. This buy would bring the company’s total holdings to approximately 2,173 BTC. The deal was structured through new shares and convertible bonds, both of which were bought by the TOBAM Bitcoin Alpha Fund, a specialized crypto investment fund.
TOBAM committed €5 million to purchase shares priced at €2.90 each and €6.5 million to convertible bonds valued at €3.66 per share. According to the company, the financing is intended to strengthen its positioning as a Bitcoin Treasury Company, focusing on increasing BTC holdings per diluted share.
in the UK also pushed forward with its Bitcoin strategy, through share placements and subscriptions. The company issued 3.96 million new shares at a price of £2.05 each to fund the move.
The new capital will support the firm’s Bitcoin Treasury Policy, which it officially adopted in 2023. The company is already deeply integrated into the space, accepting payments in Bitcoin and using its crypto holdings in its operational planning.
In Sweden, completed a SEK 21.2 million ($2 million) directed share issue to boost its own Bitcoin acquisition efforts. This latest raise brings the total capital H100 has gathered for its Bitcoin treasury strategy to over $115 million.
The company explained it chose a directed share issuance because it allows for faster capital deployment, letting them execute on their Bitcoin buying goals more quickly.
Despite Bitcoin’s recent price volatility, all three firms are signaling a clear, long-term focus on accumulating the digital asset.
