Capital B shareholders voted this week to hand the company an enormous mandate: up to €5 billion in new equity capacity and a staggering €100 billion in credit instruments — all earmarked for Bitcoin treasury purchases. The approval came at a June 17 general meeting, just months after the firm rebranded from The Blockchain Group to signal its singular focus on stacking sats.
The scope of the firepower
The numbers are eye-popping even by corporate Bitcoin standards. The €5 billion equity authorization lets Capital B issue new shares to raise cash for BTC buys. The €100 billion credit line — effectively a debt ceiling — opens the door to borrowing on a scale that could dwarf the treasuries of most public companies. Together, the two tools give the firm a war chest designed not for quarterly trading but for a decade-long accumulation plan.
A target of 210,000 BTC by 2033
Capital B already holds 3,139 Bitcoin. But the long-term ambition is far bigger: acquire 1% of Bitcoin's circulating supply — roughly 210,000 BTC — by 2033. That's about 67 times its current stash. The company says its strategy is focused on increasing Bitcoin per fully diluted share over time, a metric that rewards patient accumulation over short-term price swings. At today's market, buying that much BTC would cost tens of billions, which explains why the board wanted credit capacity that goes well beyond its current market cap.
From The Blockchain Group to Capital B
The name change isn't cosmetic. Capital B dropped the generic 'Blockchain' label to make its mission unmistakable: this is a Bitcoin treasury company. The shareholder vote this month formalized the shift, giving management a multi-year runway to execute without having to go back to investors for every major purchase. The next step is straightforward — start drawing on those authorizations and buying. No timeline for the first big trade has been announced, but the strategy is locked in.
