Blockchain (ALTBG) | News Based Sentiment Analysis

• The month began on September 2, 2025, with a positive signal as The Blockchain Group (now Capital B) stock price increased by 4.45% to 1.738€, with 2.5 million shares traded, indicating renewed investor interest in their Bitcoin Treasury strategy.
• However, September 8, 2025, brought news of a capital increase alongside significant volatility, as the stock dropped 7.20% to 1.672€ with 1.99 million shares traded, demonstrating sensitivity to market conditions.
• Following the dip on September 8th, a buy signal emerged from a pivot bottom point and the 3-month MACD, leading to a 5.17% rise on September 9th, closing at 1.67€. Despite this, StockInvest.us downgraded their analysis to a 'Sell candidate' on the same day.
• On September 10, 2025, the stock traded at €1.80 with a volume of 2,380,387 shares and a turnover of €4,136,294, resulting in a market capitalization of €301.992M.
• Later in the month, on September 12, 2025, the stock price decreased by 4.26% since the open and 2.51% since the previous close, closing at €1.71, with a best bid of €1.71 and a best ask of €1.75.
• As of September 16-17, 2025, CAPITAL B's closing valuation was €1.25, a significant drop from earlier in the month. The company’s share price was volatile over the past three months compared to the French market, with a weekly volatility of 17%.
• Despite the volatility, CAPITAL B’s returns exceeded the French Software industry (-20.7% return) and the French Market (4% return) over the past year. However, analysts noted that the market might lack conviction despite a 29% share price boost and a 59% surge, suggesting cautious investors weren't fully rewarding performance.

The Investment Story: September was a highly volatile month for Capital B, marked by initial optimism from its Bitcoin strategy giving way to significant price declines and mixed signals from the market and analysts. The capital increase announcement added another layer of complexity to the investment picture.

What It Means for Investors: Investors should be aware of the substantial risk associated with this stock, as highlighted by the 'Sell candidate' rating and the dramatic price swings. While the company outperformed French market indices, the lack of full investor conviction suggests caution is warranted.

Looking Ahead: Investors should closely monitor trading volumes, the stock's reaction to the capital increase, and further analyst commentary. The company’s Bitcoin Treasury strategy will remain a key factor to watch.

The Bottom Line: Capital B remains a speculative investment with considerable downside risk. The combination of volatility, a 'Sell' rating, and lukewarm market response suggests a cautious approach is prudent, despite outperformance relative to broader French market indices.