Capital B SA, the European firm that calls itself the continent's first Bitcoin treasury company, announced a 10-for-1 reverse stock split. The move takes effect on September 8, 2026. Shareholders will see their share count shrink by a factor of ten, with the stock price adjusting accordingly.
Details of the split
A reverse stock split reduces the number of outstanding shares while raising the per-share price. Capital B's board approved the 10-for-1 ratio. The company didn't give a reason in its announcement, but reverse splits are often used to meet exchange listing requirements or to attract institutional investors who avoid penny stocks.
Capital B's Bitcoin treasury model
Capital B SA positions itself as a Bitcoin-focused corporate treasury. It holds Bitcoin as its primary reserve asset, similar to MicroStrategy in the US. The company is based in Europe and has been building its Bitcoin holdings since its inception. The reverse split doesn't change the value of its Bitcoin stash — it's purely a share-structure adjustment.
Effective date and next steps
The split is set for September 8. Shareholders of record as of the close of business on September 7 will have their shares consolidated automatically. The company's ticker symbol and CUSIP number will remain the same. Capital B hasn't announced any further corporate actions tied to the split.
