Capital B board director Alexandre Laizet told The Block at BTC Prague the Paris-listed BTC treasury firm is building a Europe-focused digital credit instrument modeled on Strategy's STRC and Strive's SATA. The product would use Capital B's 3,139 BTC treasury as the underlying asset and aims for double-digit yields with volatility below 10%, with no launch timeline disclosed. The pitch is importing the bitcoin treasury preferred-share playbook into Europe, but Laizet flagged the real risks: BTC drawdowns, custody, and counterparty exposure.

TLDR by @Benthic

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