Palais Brongniart in Paris for a story about Capital B's Bitcoin treasury financing mandate.

Capital B Wins Shareholder Approval for a €100 Billion Bitcoin War Chest

By Isaac • June 18, 2026 2:23 pm • Comments

Capital B shareholders approved every resolution at the company’s June 17, 2026 annual ordinary and extraordinary general meeting, and the headline number is enormous.

The extraordinary meeting cleared a maximum capacity of 5 billion euros in nominal capital increases. It also cleared up to 100 billion euros in nominal credit instrument issuance.

Both authorizations point at one goal: feeding the company’s Bitcoin treasury.

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CoinGecko’s June 18 market data ranked Bitcoin first, which keeps the story tied to the largest crypto asset. The largest crypto asset now has a French-listed company asking shareholders for one of the biggest financing mandates in the treasury race.

The votes were not close. Resolutions passed by a large majority of more than 95%.

Turnout sat at 164,555,315 voting rights participating out of 300,564,232 shares with voting rights outstanding, or 54.748%.

Shareholders also approved the corporate name change from The Blockchain Group to Capital B, which fits the company’s pivot into a Bitcoin Treasury Company identity.

Here is the part that gets lost in the big numbers. The 5 billion euros and the 100 billion euros are authority, not cash.

They set the ceiling on how much equity and debt the board can issue over time. They are not money already raised or Bitcoin already bought.

The company framed all of it around one metric. Capital B said the authorizations line up with its strategy of increasing bitcoin per fully diluted share over time.

That phrase is the whole game. Issuing shares and debt to buy Bitcoin only works for existing holders if each new round leaves them with more Bitcoin behind every share, not less.

Crypto.news reported on June 18 that Capital B held 3,139 BTC after recent purchases and had raised roughly $325 million for the treasury strategy so far.

That report also noted the company completed a 15.2 million euro private placement earlier in 2026, backed by investors including Blockstream chief executive Adam Back and TOBAM.

So the stack is real and growing, but it is a fraction of what the new mandate could fund.

The company’s own announcement came directly from its account, with links to the English and French press releases and the meeting documents.

The Capital B Euronext release laid out the vote totals, the authorization structure, the name change, and the Bitcoin-treasury purpose in plain terms.

It confirmed shareholders backed all resolutions, including the share capacity, the credit capacity, and the corporate rebrand.

Treasury trackers were quick to scale the number into Bitcoin terms.

The eye-popping conversions are theoretical math on a full authorization that has not been used. They show the ceiling, not the balance sheet.

What shareholders actually handed Capital B is room to maneuver. In the European listed-treasury field, that room is the asset that matters most, because a company can only buy Bitcoin at scale if it can issue at scale.

The test now is execution and discipline. Big mandates are easy to approve and hard to use well, and the market will judge Capital B on whether future issuance grows Bitcoin per fully diluted share rather than just total coin count.

CoinGecko provides the market-rank context.

CoinGecko’s June 18 market data ranked Bitcoin first and Ethereum second by market capitalization.

That keeps bitcoin derivatives, Bitcoin treasury financing, and Ethereum Foundation leadership inside the major-asset lane.

The ranking is context, not an investment signal.

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