Europe just got its own version of Strategy โ and shareholders just handed it a โฌ100 billion war chest to buy Bitcoin.
Yesterday in Paris, a publicly listed French company held its annual shareholder meeting. What they approved will be talked about for years.
Here is the complete story:
โฆ Capital B shareholders approved a financing framework authorizing up to โฌ5 billion in capital increases and โฌ100 billion in credit instruments โ all designed to support the company's Bitcoin treasury strategy (Coin Gabbar)
โฆ Every single resolution passed with support exceeding 95% of votes cast โ one of the most decisive shareholder mandates in European corporate history for a Bitcoin-focused strategy (Coin Gabbar)
โฆ Capital B currently holds 3,139 Bitcoin in its corporate treasury โ but its stated target is 15,000 Bitcoin by the end of 2027, with an ultimate goal of accumulating 1% of all Bitcoin ever in circulation (CoinDesk)
โฆ The approved โฌ100 billion in credit instruments and โฌ5 billion in capital increases are focused entirely on increasing the number of Bitcoin per fully diluted share over time โ a metric borrowed directly from Strategy's playbook (Yahoo Finance)
โฆ Shareholders also formally approved the company's legal name change from The Blockchain Group to Capital B โ completing its full transformation into Europe's first dedicated Bitcoin Treasury Company (CoinDesk)
โฆ Capital B is executing a localized European mirror of the corporate debt-to-Bitcoin accumulation strategy pioneered by US firms โ bringing this institutional playbook to Euronext Growth Paris for the first time (CoinDesk)
โฆ 1% of all Bitcoin ever in circulation means accumulating approximately 210,000 Bitcoin โ at current levels that represents a treasury worth over $13 billion, making Capital B one of the largest corporate Bitcoin holders on earth if successful
America started the corporate Bitcoin treasury movement. Europe just voted with 95% approval to follow โ at a scale that would have been unimaginable three years ago.
Do you think Europe's corporate sector will eventually rival America's in terms of Bitcoin treasury accumulation โ or will regulatory differences keep European companies from moving at the same speed?
#bitcoin #blockchain #crypto #Web3 #CorporateTreasury