Capital B launches a perpetual financial instrument modeled after Strategy: a new twist on the bitcoin strategy
French investment company Capital B announces a major expansion of its bitcoin strategy, intending to launch its own perpetual credit instrument. This involves directly borrowing the model successfully tested by Strategy (formerly MicroStrategy). A key shareholder meeting to decide the fate of this project is scheduled for June 17.
Details of the Financial Maneuver
An ambitious mandate is being put to a vote: increasing the authorized capital to €5 billion and, more importantly, issuing credit instruments with a nominal value of up to €100 billion. These funds will be directed exclusively towards accelerating bitcoin accumulation. As of June 1, Capital B and its subsidiary Capital B Luxembourg SA already hold 3,139 BTC, providing a solid base for further aggressive reserve buildup.
The Essence of the Borrowed Model
The .STRC model, which Capital B intends to adapt, consists of perpetual preferred shares with floating yield. The key feature of this instrument is the automatic adjustment of the coupon rate so that the market price of the securities constantly tends towards the nominal value of $100. This creates a mechanism for attracting long-term capital without a fixed maturity date, which is ideal for the "buy and hold" (HODL) strategy.
Analytical Perspective
Capital B's initiative is a direct signal that the European corporate sector is beginning to seriously replicate successful American strategies. Using perpetual instruments with variable yield allows hedging liquidity risks and creating sustainable demand for bitcoin from institutional balance sheets. If Capital B succeeds in implementing the €100 billion plan, it could become one of the largest corporate inflows into the first cryptocurrency in history, exerting significant pressure on supply.