Capital B Approves 10-For-1 Reverse Stock Split To Attract Institutional Investors

Capital B, Europe’s second largest Bitcoin treasury company, has approved a 10-for-1 reverse stock split designed to widen its base of institutional investors. The move will consolidate the company’s outstanding shares, cutting the total from about 300.7 million down to roughly 30.1 million.

How The Split Will Work

Under the plan, each new share will replace 10 existing ones and carry a par value of 0.80 euros, up from the current 0.08 euros. The Paris-listed company, which trades on Euronext Growth, said the conversion will happen automatically on September 8 and won’t change the total value of what investors currently hold. Capital B said the goal behind the restructuring is to support its institutional growth and make the stock more appealing to a broader range of investors.

Backed By A Major Bitcoin Buying Mandate

The reverse split follows a shareholder vote last month that approved financing capacity of up to 105 billion euros to fund the company’s ongoing Bitcoin acquisition strategy. Capital B currently holds 3,139 Bitcoin, placing it just behind Germany’s Bitcoin Group SE, which leads European corporate holders with 3,605 BTC, according to data from Bitcoin Treasuries.