Capital B is developing a Bitcoin-backed digital credit instrument for European investors as it expands its BTC treasury strategy.
Bitcoin News
Paris-listed Bitcoin (BTC) treasury company Capital B is building a digital credit instrument for European investors, board director Alexandre Laizet announced at BTC Prague. The product is modeled after two existing US instruments, Strategy's STRC preferred stock and Strive's SATA product.
Capital B currently holds 3,139 BTC in its treasury. Laizet said the instrument targets double-digit annual yields while keeping price volatility below two digits, using the company's BTC holdings as the underlying asset.
Laizet described European markets as constrained by high taxes, outdated regulations, and limited access to digital asset credit products. He framed the instrument as a direct response to those conditions.
"Our laser focus is to provide a digital credit instrument adapted to Europe that could really change the configuration of the markets," Laizet said.
Strategy's Treasury Activity Cited as a Working Model
Laizet pointed to Strategy's recent transaction history to support the sustainability argument. Strategy sold 32 BTC to fund STRC dividends, then purchased 1,587 BTC shortly after. He used that sequence to illustrate how BTC treasury firms can meet yield obligations while continuing to accumulate.
"A Bitcoin treasury company already has 40-50 years of cash flows on their balance sheet today, that asset they have on the balance sheet is growing at 30-60% annually," Laizet said. He added that investor interest in the digital credit space has grown tenfold compared to a year earlier.
Related Article: Capital B Acquires 192 BTC for $15.2M, Lifts Holdings to 3,135 BTC
Risks Include Custody Exposure and BTC Price Volatility
Laizet acknowledged that the instrument carries meaningful risks, including BTC price swings, custody exposure, and counterparty risk. He said Capital B works exclusively with regulated banks and employs specialists across capital markets, technology, and corporate finance. He did not provide a timeline for the product's launch.
Capital B trades on Euronext Growth Paris under the ticker ALCPB. Adam Back and Fulgur Ventures are among its backers. The company has set a target of holding 15,000 BTC by end of 2027 and accumulating 1% of BTC’s total supply by 2033.
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