Crypto news

French investment company Capital B has announced plans to launch a credit instrument inspired by the STRC model used by Strategy. This move marks another stage in the evolution of corporate bitcoin accumulation, where traditional financial mechanisms are being adapted to the needs of digital assets.

According to Capital B's Director of Bitcoin Strategy, Alexandre Leze, a key shareholder meeting on this matter will take place on June 17. A mandate will be put to a vote to increase the authorized capital to €5 billion, as well as to issue credit instruments with a nominal value of up to €100 billion. The main goal is to accelerate and scale the company's bitcoin strategy.

The .STRC model, developed by Strategy, consists of perpetual preferred shares with variable returns. The mechanism is structured so that the interest rate on them adjusts based on market conditions, ensuring stable trading of the security near its $100 par value. As of June 1, Capital B and its subsidiary Capital B Luxembourg SA already held 3,139 BTC. With the launch of the new instrument, the company intends to significantly increase this figure.

This decision highlights a growing trend among European institutional investors: using complex debt and hybrid instruments to finance bitcoin purchases without directly impacting the balance sheet. Capital B is essentially replicating a proven strategy, adapting it to the European market.

My comment as an analyst: Capital B's initiative is not just imitation, but a sign of market maturity. If the shareholder meeting approves the mandate, we will see European companies beginning to actively use perpetual instruments to accumulate bitcoin, which could lead to a significant inflow of capital into the crypto sphere. However, it is worth closely monitoring the issuance terms and the level of debt burden — the success of the model depends on the company's ability to generate sufficient cash flow to service such obligations.