Capital B targets 42,000 BTC by 2029, nearly 12x its current holdings
- —Capital B held 3,538 BTC as of Sept. 30, 2026, up from 40 BTC in late 2024
- —Average acquisition cost is €87,805 per BTC, putting the cost basis above €300 million
- —H1 2026 net loss was €69.5 million, mostly a non-cash bitcoin impairment charge
- —In June 2026 the company secured financing authorizations totaling up to €120 billion
Why it matters: The plan hinges on demand for bitcoin-backed credit; a sharp BTC drawdown would pressure both the balance sheet and the appeal of those products at once.
Source: Crypto Briefing
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