Capital B is moving to turn its Bitcoin treasury into a lending engine for European investors. Speaking at BTC Prague, board director Alexandre Laizet said the Paris-listed firm is developing a bitcoin-backed digital credit product that would draw on its BTC reserves. The instrument, aimed at European markets, is modeled on existing structures such as Strategy’s STRC and Strive’s SATA and is being designed to target double-digit yields while keeping volatility under double-digit levels. The timing follows a recent push to expand Capital B’s financial firepower: the company has asked shareholders to approve up to €5 billion in new equity issuance and up to €116 billion in credit instruments to accelerate Bitcoin accumulation. A vote on the proposal is scheduled ahead of Capital B’s combined general meeting on June 17. Laizet argued that Bitcoin treasury companies are uniquely positioned to support high-yield credit products because Bitcoin’s long-term appreciation can offset the need for traditional, cash-flow–driven return models. He pointed to activity at Strategy — which sold 32 BTC to fund distributions tied to its STRC preferred stock and soon after bought 1,587 BTC — as an example of how treasury firms can run credit structures while still growing Bitcoin exposure. Investor interest appears to be heating up: Laizet said Capital B has seen about a tenfold increase in enquiries for digital credit products compared with last year. Capital B’s balance sheet growth has been steady. The firm currently holds 3,139 BTC, a total reached after a €15.2 million private placement earlier this year that included participation from Blockstream CEO Adam Back and Paris asset manager TOBAM. Proceeds from that round helped fund the purchase of 192 BTC; a later 4 BTC acquisition lifted holdings to the current level. Operating under the name The Blockchain Group until a July 2025 rebrand, Capital B has centered its strategy on increasing Bitcoin held per fully diluted share. The company calls itself Europe’s largest Bitcoin treasury and has published aggressive accumulation targets: 15,000 BTC by the end of 2027 and 1% of Bitcoin’s total supply by 2033. Laizet was candid about risks: potential BTC price declines, execution and custody risks, and counterparty exposure. On custody, he stressed the company works only with regulated banking partners and relies on in-house teams experienced in capital markets, technology and corporate finance. No launch date for the new credit instrument has been announced.
Capital B to Launch BTC-Backed Lending Engine for European Investors
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Summary
Capital B is set to roll out a BTC-backed lending engine for European investors, using its BTC reserves as collateral. The firm plans to raise up to €5 billion in equity and issue €116 billion in credit instruments to boost BTC accumulation. A vote on the plan is set for June 17. Capital B currently holds 3,139 BTC and targets 15,000 BTC by 2027. This BTC update marks a major step in its expansion strategy. The move comes as BTC news today highlights growing institutional interest in Bitcoin-based financial products.
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