Capital B, formerly known as The Blockchain Group, just got a very big permission slip from its shareholders. At the company’s Annual Ordinary and Extraordinary General Meeting on June 17, investors overwhelmingly approved the authority to issue up to 125 billion new shares and tap into enormous credit facilities, all in service of one goal: buying a lot more Bitcoin.
What Capital B actually approved
The shareholder vote authorized the issuance of up to 125 billion new shares at a nominal value of roughly €0.04 each, translating to approximately €5 billion in equity capacity. On the credit side, the company received approval for €100 billion in credit instruments designed to accelerate its Bitcoin buying strategy.
The meeting also coincided with the company’s official rebrand from The Blockchain Group to Capital B, positioning itself explicitly as Europe’s first publicly listed Bitcoin treasury company.
Capital B currently holds 3,139 BTC. The stated target is holding 1% of Bitcoin’s total supply by 2033. Given that Bitcoin’s maximum supply is capped at 21 million coins, that means Capital B is aiming for roughly 210,000 BTC.
