Capital B purchased 12 Bitcoin for €0.84 million, an average of €70,295 per Bitcoin, according to a press release the Paris-listed company published on November 10th.

The purchase increased the company's treasury to 3,550 Bitcoin, up from 3,538 at its September 28th update.

Across all purchases, Capital B has spent €311.5 million on its reserve, for an average cost of €87,746 per Bitcoin.

Using the Bitcoin closing price from the prior trading day, the company valued those holdings at €237.6 million.

The purchase was funded through the last round of share sales under Capital B's at-the-market (ATM) program with TOBAM, a Paris-based asset manager whose funds buy newly issued shares at prices set by a formula in the agreement.

The release describes this round as the final completion of capital increases under the TOBAM program.

Three TOBAM funds requested 147,176 new shares between September 28th and November 4th at an average of €5.90 each, raising €0.87 million.

Capital B reported that the issue price was a 3.55% premium to the stock's closing price on the prior trading day.

BTC Yield, the company's measure of change in Bitcoin held per fully diluted share, rose to 2.23% year to date from 2.20% on September 28th.

Holdings per fully diluted share reached 7,370.9 satoshis, up from 7,368.5 six weeks earlier.

The company also reported a year-to-date BTC Gain of 63 Bitcoin.

Capital B holds an additional 61 Bitcoin for operational needs, which it keeps separate from its treasury and excludes from its performance indicators.

Swissquote Bank Europe executed the purchase and remains the company's sole Bitcoin custodian, using custody technology from Taurus.

Blockstream CEO Adam Back, who has previously backed Capital B through its B-04 convertible bonds, held 17.48% of the company's ordinary shares as of the release.