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← Bitcoin treasuries
ALCPB.PA · FR

Capital B

Capital B operates as a bitcoin treasury company in Europe. It offers technological consulting and marketing in blockchain.

Bitcoin held₿3,525
Bitcoin ownership0.017%
Treasury value$259,629,363
Cost basis$350,900,533 · est.
BTC / share0.00011725 BTC
Enterprise mNAV1.05×

Treasury & valuation

Capital, accumulation and performance in Bitcoin terms

Share price

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Split-adjusted; disclosures pinned to the line

Market cap vs Bitcoin NAV

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Equity market capitalization and Bitcoin holdings

Bitcoin holdings

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Reported Bitcoin treasury balance

BTC per share

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Split-adjusted reported quarter-end shares

Bitcoin ownership

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Share of the fixed 21 million BTC supply

Bitcoin value per share

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Bitcoin NAV per split-adjusted share

Equity mNAV

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Market capitalization ÷ Bitcoin NAV

Share performance vs Bitcoin

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Window start = 1×; above 1× beats Bitcoin

Bitcoin yield

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Quarterly growth in split-adjusted BTC per share

Share returns

Price return

Fixed windows · split-adjusted share prices · excludes dividends

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Frequently Asked Questions

Understanding Capital B's Bitcoin treasury

How much Bitcoin does Capital B hold?

Capital B holds 3,525 BTC, or 0.017% of the fixed 21 million BTC supply. It ranks 25th among public Bitcoin holders tracked by Newhedge.

What is the value of its Bitcoin treasury?

The latest estimated value is $259,629,363. This equals 120.1% of the company's market value. The valuation moves with Bitcoin's price; it does not represent cash available to spend.

What is its total Bitcoin cost basis?

The reported total cost basis is $350,900,533. The current unrealized return is -26.01%. Cost basis is the total acquisition cost, rather than the price paid for one Bitcoin.

When did it last buy Bitcoin?

The latest recorded disclosure reports Sep 14, 2026. View disclosure ↗

What is the company's market capitalization?

The latest market capitalization is approximately $216,217,456. Reported annual revenue is $13,183,000. Market capitalization measures the equity value of the company.

How do equity mNAV and enterprise mNAV differ?

Equity mNAV divides market capitalization by the market value of Bitcoin held. Enterprise mNAV also accounts for debt and cash through enterprise value. The latest enterprise mNAV is 1.05×. A multiple above 1× is a premium to Bitcoin NAV; below 1× is a discount. The two measures can differ substantially.

What do BTC per share and Bitcoin yield measure?

BTC per share divides reported Bitcoin holdings by split-adjusted shares outstanding. Quarterly Bitcoin yield measures the change in BTC per share between consecutive completed quarters. Share issuance can reduce BTC per share even while total holdings rise. Bitcoin yield is a treasury-growth measure, rather than an investment return or cash distribution.

How are the charts and financial statements converted?

BTC is the default display, with USD and sats available. USD-denominated values are converted using the Bitcoin close on the observation or reporting date; one BTC equals 100 million sats. Share counts, percentages and valuation multiples retain their original units. Missing prices, statements or share counts remain unavailable, and gaps are preserved.

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