Capital B: Share Conversion and Bitcoin Acquisition

Capital B announces major conversions of convertible bonds into shares. UTXO Management converts 3,030,557 B-02 convertible bonds into 4,285,289 shares at €0.7072 per share. Ludovic Chechin-Laurans converts 1,613,620 B-01 convertible bonds and 2,420,430 B-02 convertible bonds into 6,388,766 shares, and subscribes for 423,744 shares to acquire 2.5 BTC. In addition, 3,102,988 2025-01 warrants are converted into 443,284 shares. These transactions allow for the acquisition of an additional 5 BTC, bringing the total holding to 2,823 BTC at an average cost of €93,215 per bitcoin.

Capital B has recorded a BTC yield of 1,658.5% year-to-date. Since the beginning of the quarter, the company has generated a BTC gain of 3.9 BTC and a BTC € gain of €0.3 million. The Bitcoin Treasury strategy aims for an increase in BTC per share on a diluted basis. Recent transactions do not increase the number of shares in the total dilution view.