Capital B Just Bought More Bitcoin Below Cost. Its Treasury Is Still €50.8 Million Underwater

Capital B, a Paris-listed Bitcoin treasury company, bought 13 Bitcoin (BTC) for €0.97 million. The purchase lifts its total holdings to 3,538 BTC.

The firm also reported a BTC Yield of 2.20% for the year so far. That metric tracks how much Bitcoin the company holds per fully diluted share.

Capital B Bitcoin Buy Lands Below Average Cost

The company paid an average of €74,364 per coin this time. That sits well under its €87,805 average cost across the whole treasury, which cost €310.6 million to build.

That stash ranks second among European public companies, according to Bitcoin Treasuries. Only Germany's Bitcoin Group SE holds more, with 3,605 BTC.

However, the market value tells a different story. The company's own figures put the holdings' net asset value at about €259.9 million, based on the previous day's closing price. As a result, the treasury carries a paper loss of roughly €50.8 million.

Meanwhile, Bitcoin trades near $82,800, down 2.29% on the day, according to BeInCrypto data. Over the past month, it has gained about 7%.

Earlier in September, Capital B added 376 BTC for about €25.3 million, its largest purchase this year. Blockstream CEO Adam Back also put €7.6 million into Capital B that month.