Capital B, Europe’s second-largest Bitcoin treasury company, officially approved a 10-for-1 reverse stock split. The Paris-listed firm is executing the purely technical exchange transaction to elevate its share price and attract a broader base of institutional investors.
Formerly known as The Blockchain Group, the firm filed regulatory paperwork on Monday detailing the mechanics of the consolidation. The process will reduce approximately 300.7 million outstanding shares down to roughly 30.1 million. As a direct result, the par value of new shares will increase from €0.08 to €0.8 each.
The transition period for fractional share adjustments runs from August 6 to September 7, 2026, and the consolidated shares will begin trading under a new ISIN on September 8, as the official corporate release details.
Capital B shares had been trading near €0.48 following a 40 percent decline earlier this year. Despite the equity drop, the firm maintains a strong underlying asset base, holding exactly 3,139 BTC on its corporate balance sheet. Following the regulatory filing, the stock price immediately bumped 0.97 percent on the Euronext Growth Paris exchange, which Bitcoin Foundation data confirmed.
Why Institutional Funds Avoid Penny Stocks
Institutional investors and large mutual funds operate under strict internal mandates that often prohibit them from purchasing sub-euro or penny stocks. These rules exist to mitigate volatility and liquidity risks associated with low-priced equities.
By executing a 10-for-1 split, Capital B artificially raises the per-share price into the €4.8 range without altering the company’s total market capitalization. This specific financial engineering bypasses those structural restrictions. The move effectively clears compliance hurdles for larger funds seeking regulated equity exposure to Bitcoin treasuries, ensuring Capital B can tap into a much deeper pool of capital on the Euronext exchange.