数字智能
06/16 19:20
A French firm wants to bring Strategy's yield machine to Europe
A European Take on Digital Credit
Speaking with The Block at BTC Prague, Laizet said the company is focused on launching a Bitcoin-backed credit product modeled after Strategy's $STRC and Strive's $SATA. The product would use the company's Bitcoin holdings as the underlying asset, target a double-digit yield, and is designed to keep volatility in the single digits.
The template Capital B is drawing from has already gained traction in the United States. $STRC is considered one of the most sophisticated financial instruments issued to date by a Bitcoin treasury company, combining features associated with fixed-income products, cash dividends, targeted low volatility, and deferred tax treatment. Strive's $SATA, meanwhile, has been positioned as a higher-yield, faster-paying alternative to Strategy's $STRC. Since launching SATA and STRC in late 2025, the two preferreds have helped their companies accumulate 131,232 Bitcoin between them.
Laizet positioned Capital B as the only firm able to bring the model to a region he described as held back by high taxes, security gaps, and regulation built for an earlier era. He also said Capital B has recorded a tenfold rise in investor interest in digital credit products compared with last year.
Capital B's Bitcoin War Chest
Capital B, listed on Euronext Growth Paris under ticker symbol $ALCPB, positions itself as Europe's first and largest Bitcoin treasury company. The company currently holds 3,139 BTC. Bitcoin-focused investors, including Adam Back and Fulgur Ventures, back the company, which aims to accumulate 1% of Bitcoin's total supply by 2033 and hold 15,000 BTC by the end of 2027.
While outlining the opportunity, Laizet acknowledged several risks, including Bitcoin price declines, execution risk, custody risk, and counterparty exposure. He said the company works exclusively with regulated banking partners and relies on teams with expertise in capital markets, technology, and corporate finance. No launch date has been disclosed for the instrument.
Sources:
The Block: French BTC treasury firm Capital B developing STRC-style bitcoin credit instrument
Crypto.news: Capital B plans Bitcoin-backed credit product for European investors
OAK Research: STRC, how Strategy turned Bitcoin into a yield product
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