Capital B secures €2.8M and converts OCA B-01 bonds into shares, advancing its Bitcoin Treasury Company strategy on Euronext Growth Paris.
Capital B, listed on Euronext Growth Paris under ticker ALCPB, has announced a €2.8 million capital raise. The move is part of its growing Bitcoin Treasury Company strategy.
Alongside the fundraise, the company confirmed the conversion of 19,917,972 OCA B-01 convertible bonds held by two key investors. Moreover, Blockstream Capital Holdings and UTXO Management triggered the conversions following amendments to the bond terms.
Blockstream and UTXO Management Convert OCA B-01 Bonds Into Shares
Blockstream Capital Holdings converted 17,897,600 OCA B-01 bonds into 32,900,000 ordinary shares of Capital B.
Separately, UTXO Management converted its 2,020,372 OCA B-01 bonds into 3,713,919 shares. Both conversions followed an amendment that now allows holders to convert at any time without a prior share price condition.
Capital B noted that Blockstream Capital Holdings originally acquired its stake through a transfer from Fulgur Ventures.
That transfer included 10,000,000 ordinary shares, 32,092,952 OCA B-01 bonds, and 55,279,428 OCA B-02 bonds.
Blockstream Capital Holdings describes itself as an investment group focused on Bitcoin and global finance. It has activities spanning venture capital, private equity, credit, and insurance.
🟠 Capital B announces the conversion of 19,917,972 OCA B-01 held by Blockstream Capital Holdings and UTXO Management, and a capital raise of €2.8 million to pursue its Bitcoin Treasury Company strategy ⚡️
Full Press Release (EN): https://t.co/PTexGDUn8H
Full Press Release… pic.twitter.com/1Pj2UnDL5K
— Capital B (@_ALCPB) March 30, 2026
Capital B Issues New Shares at €0.544 in Fresh €2.8M Raise
Following the conversions, both investors also subscribed to new shares.
Blockstream Capital Holdings subscribed to 4,700,000 shares, while UTXO Management took 530,559 shares. Both subscribed at €0.544 per share, bringing the total raise to €2.8 million.
Capital B stated that this subscription forms part of legal adjustment measures for OCA B-01 holders.
These measures followed the free allocation of BSA 2025-01 warrants to all shareholders in April 2025. The company says the updated conversion terms better align the bonds with current market conditions.
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The amendment removes the share price threshold previously required for bondholder-initiated conversions.
The issuer can still trigger conversions in the final two years, but only if the volume-weighted average share price reaches 130% of the conversion price over 20 trading days.
For OCA B-01, that threshold sits at €0.7072 per share. For OCA B-02, it stands at €0.9194.
Capital B also amended identical terms with UTXO Management for its separate OCA B-01 tranche. The company noted this follows similar amendments announced for OCA A-03, A-04, and A-05 tranches held by TOBAM on March 17, 2026.
Capital B continues to position itself as Europe’s first Bitcoin Treasury Company, with subsidiaries active in Data Intelligence, AI, and decentralized technology consulting
