Treasury Qualification
Treasury classificationBitcoin Treasury Company
Qualification tierCore Directory
Directory statusIncluded
Ownership statusCompany-owned Bitcoin held by Capital B and its Luxembourg subsidiary as part of the formal Bitcoin Treasury Company strategy. Bitcoin held separately for operating needs is excluded.
Strategic intent
Capital B describes itself as Europe's first Bitcoin Treasury Company and states that its strategy is to accumulate Bitcoin and increase Bitcoin per fully diluted share over time through capital-efficient financing.
Bitcoin Treasury
BTC counted in directory3,139 BTC
Estimated value$200,092,416BTC price retrieved: July 28, 2026 at 19:56 UTC
Holdings as ofJune 1, 2026
Average purchase price$90,418
Ownership and Restrictions
Component figures are shown only when separately disclosed. “Not separately disclosed” does not imply zero.
Total BTC reported3,139
Unencumbered / unrestrictedNot separately disclosed
Pledged as collateralNot separately disclosed
Loaned to third parties0
Subsidiary-ownedNot separately disclosed
Other restricted / receivableNot separately disclosed
Latest Financial Results
Reporting period: Year ended December 31, 2025
Revenue$11,206,000
Operating income/loss$-4,187,000
Net income/loss$-62,175,000
Cash$3,500,000
Management
- Chief executive officer
- Jean-Philippe Casadepax-Soulet
- Chief financial officer
- Simon Elbaz
- Executive chair
- Jean-François Descaves (Chairman of the Board)