French AMF flags dilution risk in listed bitcoin treasury firms
- —AMF published its note on crypto treasury companies on March 6, 2026
- —Capital B raised €278.3 million and acquired 2,783 BTC in 2025
- —Capital B posted a €62.2 million net loss in 2025, including a €53.9 million BTC writedown
- —Shareholders approved ceilings of €5 billion in equity and €100 billion in debt securities
Why it matters: Buyers of these stocks get dilution and NAV-premium risk rather than pure bitcoin exposure.
Source: CryptoActu
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