Capital B

Strategy, Michael Saylor's company and the largest corporate holder of Bitcoin, has skipped its weekly Bitcoin purchase to use $176 million to buy back its own STRC preferred stock. It repurchased 1.8 million shares for a total of $176.3 million between August 31 and September 7, according to a filing with the SEC, and doubled its digital credit securities buyback program to $2 billion. The company's Bitcoin holdings remain at 845,050 BTC, acquired at a total cost of $63.6 billion, averaging $75,412 per coin. Meanwhile, STRC shares traded at $97.70, a 2.3% discount to the $100 par value, but MSTR common stock fell more than 3% in recent trading. Strive, the fifth-largest Bitcoin holder, purchased 1,375 BTC worth $109 million, bringing its total holdings to 24,531 BTC. Capital B, a French company, bought $25 million worth of Bitcoin, its largest purchase in nearly a year.

Strategy, the largest corporate holder of Bitcoin, led by Michael Saylor, has paused its weekly Bitcoin purchases and instead spent $176.3 million to buy back 1.8 million shares of its STRC preferred stock, according to a filing with the SEC on Tuesday. The company also doubled the size of its digital debt buyback program from $1 billion to $2 billion. STRC is a preferred share that pays a 12% annual dividend and currently trades at around $97.70, about 2.3% below its $100 par value. Its Bitcoin holdings remain unchanged at 845,050 BTC, with a total value of $63.6 billion, at an average cost of $75,412 per coin. Meanwhile, competitors Strive and Capital B have continued to add, buying 1,375 BTC and 376 BTC respectively. MSTR shares fell 3% to around $138, despite a 45% gain over the past month, but are still down 7% year-to-date.

French bitcoin treasury company Capital B announced on September 7 that it acquired 376 BTC for 25.3 million euros (approximately 4.554 billion yen), bringing its total holdings to 3,521 BTC. This marks its largest purchase since September 2025, following a modest total of 6 BTC bought in August. The purchase was funded by a capital increase totaling approximately 30.14 million euros (approximately 5.4252 billion yen) completed just prior. The breakdown includes 1.44 million euros (approximately 259.2 million yen) raised through an ATM agreement with asset manager Tobam, and 28.7 million euros (approximately 5.166 billion yen) from a private placement of shares with four warrants attached per share. Tobam and strategic investor Adam Back participated in the private placement, raising Back's stake to 17.64% on a common share basis. The acquisition price was 67,182 euros per BTC (approximately 12.09 million yen), lowering the average acquisition cost of its holdings to 87,878 euros (approximately 15.81 million yen). The total acquisition cost stands at 309.4 million euros (approximately 55.7 billion yen), with a year-to-date BTC yield of 2.17%. Among European listed companies, this places Capital B second in holdings, surpassing Sweden's H100 Group and trailing Germany's Bitcoin Group, which holds 3,605 BTC.

Adam Back has invested €7.6 million into Capital B, a Bitcoin treasury company, to fund the purchase of 376 additional bitcoins. Capital B, based in Puteaux, France, and listed on Euronext Growth Paris, priced the new shares at €0.58 each, a 15.4% premium over Tuesday's close. Net proceeds are expected to reach about €7.3 million, which could lift the company's total holdings to 3,521 BTC. Back, co-founder of Blockstream, subscribed above market price, and the offering includes warrants that could raise his ordinary stake from 14.82% to 27.80%. The placement closes September 3, with a reverse stock split scheduled for September 8.