Capital B Approves 10-for-1 Reverse Stock Split to Expand Investor Base

Capital B, Europe's second-largest Bitcoin treasury company, approved a 10-for-1 reverse stock split set to take effect on Sept. 8, reducing its total share count from 300.7 million to approximately 30.1 million. The Euronext Growth Paris-listed firm stated the consolidation aims to broaden its institutional investor base by increasing the par value per share from 0.08 euros to 0.80 euros ($0.90). The conversion will occur automatically without altering the aggregate value of existing shareholders' holdings, according to a Monday statement from the company.

Capital B Executes 10-for-1 Reverse Stock Split

Under the approved structure, each new share will replace 10 existing shares. The par value per share will rise from 0.08 euros to 0.80 euros, while the total number of outstanding shares will decrease to about 30.1 million from 300.7 million. Capital B confirmed the conversion process will occur automatically on Sept. 8 without requiring shareholder action. The company stated the aggregate value of investors' holdings will remain unchanged following the consolidation.

Company Targets Institutional Investor Expansion

Capital B stated the reverse stock split is intended to support its institutional development and appeal to a wider pool of investors. Last month, shareholders approved up to 105 billion euros in financing capacity to support the company's Bitcoin acquisition strategy. The firm operates as a publicly traded entity on Euronext Growth Paris.

Capital B Holds 3,139 Bitcoin in Treasury

Capital B holds 3,139 Bitcoin at the time of writing. Germany's Bitcoin Group SE holds the most among European companies, with 3,605 BTC, according to Bitcoin Treasuries data. Capital B ranks as Europe's second-largest Bitcoin treasury company by holdings.

FAQ

What is Capital B's reverse stock split ratio and effective date?
Capital B approved a 10-for-1 reverse stock split that will take effect on Sept. 8. Each new share will replace 10 existing shares, reducing the total share count from 300.7 million to approximately 30.1 million.

How many Bitcoin does Capital B currently hold?
Capital B holds 3,139 Bitcoin at the time of writing. The company ranks as Europe's second-largest Bitcoin treasury company, behind Germany's Bitcoin Group SE, which holds 3,605 BTC.