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Bitcoin-Treasury Capital B Plans 10-for-1 Reverse Stock Split for September

Capital B, the Paris-listed bitcoin treasury company once known as The Blockchain Group, will combine every 10 existing shares into one new share beginning September 8, according to a regulatory filing the company published Monday.

The consolidation reduces the number of outstanding shares from 300,650,632 to 30,065,063. Each new share will carry a par value of €0.80, up from €0.08 for the existing stock. The company framed the transaction as a “purely technical exchange” that leaves the aggregate value of each shareholder’s holdings unchanged, save for the treatment of fractional entitlements.

Capital B said the move aims to “support the company’s institutional development and to open the company’s shares to a broader universe of investors.”

Many institutional funds operate under internal rules that bar them from holding stocks below a set price, and some exchanges impose minimum-price thresholds for continued listing. A higher quoted price per share removes one barrier to that participation.

Capital B shares trade near €0.48 on Euronext Growth Paris and have declined about 40% since the start of the year, per Google Finance data. Should the company’s market value hold, each consolidated share would open near €4.80.

Key dates for Capital B shareholders

The reverse split period runs from August 6 through September 7. Shareholders who hold a number of shares divisible by 10 will see their positions converted with no action required.

Those holding leftover shares can buy or sell stock before the deadline to reach a round multiple of 10. For investors who do not, financial intermediaries will sell the shares tied to fractional entitlements and distribute the cash proceeds, with payments set to begin September 14.

September 7 marks the final trading day for the existing shares. The consolidated shares start trading the following day under a new ISIN, the code exchanges use to identify a security. The company has set September 9 as the record date and September 10 for settlement and delivery.

Capital B will also pause conversions of certain convertible bonds and exercises of share warrants from August 17 through September 10. After the split, the company will adjust conversion prices and warrant ratios to reflect the reduced share count, multiplying bond conversion prices by 10 while dividing warrant ratios and unvested free shares by 10.

Treasury strategy stays central

The share restructuring does not add bitcoin to the balance sheet or raise new capital on its own. It changes the number and nominal value of shares through a technical consolidation, a step the company tied to its goal of reaching a wider investor base.

Capital B’s bitcoin holdings

Capital B holds 3,139 BTC, a figure that ranks it as the second-largest listed corporate bitcoin holder in Europe, according to BitcoinTreasuries.net. Germany’s Bitcoin Group SE sits ahead of it with 3,605 BTC, the data shows. Capital B, which describes itself as Europe’s first bitcoin treasury company , built much of that position through fundraising rounds during the first half of 2026.

In May, it acquired 192 BTC for €13 million after completing three capital raises.

The company has moved to widen its access to capital. In June, shareholders approved authority for as much as €5 billion in capital increases and €100 billion in credit instruments, resolutions that drew more than 95% support from votes cast. Those approvals give the board financing capacity for future purchases.

Capital B measures progress through bitcoin held per fully diluted share rather than total reserves alone, a framework common among bitcoin treasury companies . The firm has also said it is developing a bitcoin-backed credit product for the European market, though it has not set a launch date.

This post Bitcoin-Treasury Capital B Plans 10-for-1 Reverse Stock Split for September first appeared on Bitcoin Magazine and is written by Micah Zimmerman .

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American Airlines' new Flagship business-class suites are expanding to another set of its airplanes.

The Fort Worth-based carrier on Monday confirmed it plans to install the suites — which are complete with sliding privacy doors — on its fleet of Boeing 787-8 Dreamliners.

It'll be a nice upgrade for the business-class cabin on those jets.

Currently, American's 787-8s do have lie-flat pods with 100% direct-aisle access.

But the new seats they're getting will be the latest-generation Flagship product that American debuted just over a year ago on its larger 787-9 planes.

ZACH GRIFF/THE POINTS GUY Full on-board refresh for American's 787-8s

It's not just business-class getting a glow-up.

The 787-8s are slated for a larger cabin refresh, which CNBC's Leslie Josephs was first to report over the weekend.

Expect those planes to get the sleeker new-look interior that the airline has been rolling out across an array of aircraft, which includes brighter blue seats in economy.

ZACH GRIFF/THE POINTS GUY Which American Airlines planes have Flagship Suites?

These upgrades to American's 787-8s will also give frequent AA flyers another fleet type with the airline's newest, most state-of-the-art premium product up front.

American first introduced the Flagship Suites last year on some of its newly delivered 787-9 Dreamliners.

But it remains a bit of a unicorn seat offering today, as only a small handful of planes sport the new suites.

You'll find the new Flagship product on 11 of those Boeing 787-9s right now — not to mention on Americana's brand-new, single-aisle Airbus A321XLRs.

American Airlines' Airbus A321XLR. SEAN CUDAHY/THE POINTS GUY However, expect to see the suites on many more planes in the future. Later this year, American expects to debut the Flagship Suites on its largest plane, the Boeing 777-300ER, and 20 of those jets are slated for retrofitting in the coming years. Additionally, 47 of its 777-200ERs are also in line for the new cabin and Flagship product.

Now, add the carrier's 37 787-8 Dreamliners to the mix.

American did not announce timing for these new retrofits, but did offer this comment:

"We look forward to providing customers with an elevated premium travel experience on our wide-body fleet," an airline spokesperson told TPG.

Premium arms race

American's planned on-board upgrades come in the middle of a proverbial arms race, of sorts, among the largest U.S. airlines: The goal is to win big-spending customers over with luxe seats, lounges and other bells and whistles.

Earlier this year, United Airlines unveiled its next-generation Polaris business-class product on a plane that sports a whopping 99 premium seats.

SEAN CUDAHY/THE POINTS GUY Delta Air Lines is plotting a new-look version of its popular Delta One cabin , which will make its debut on the carrier's new Airbus A350-1000s next year.

Looking ahead

Something worth watching is just how many business-class suites American decides to configure its 787-8s.

Those planes currently have 20 lie-flat beds.

The airline leaned much more heavily into premium, though, with the newest 787-9s, which sport 51 suites, including eight extra-spacious Flagship Suite Preferred seats in the two bulkhead rows.

The 787-8 will likely have fewer business-class suites than the larger 787-9 variant. But don't be surprised if the carrier makes its front cabin bigger than what those planes have right now.

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Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.