French BTC treasury firm Capital B mulling STRC-style bitcoin credit instrument

Paris-listed bitcoin treasury company Capital B is considering a credit instrument for the European market, according to board director Alexandre Laizet.

Speaking with The Block's Gareth Jenkinson at BTC Prague, Laizet said that the company is exploring a bitcoin-backed credit product modeled after Strategy's STRC and Strive's SATA.

"Our role, our responsibility, is to provide for a solution in Europe which is crippled by high taxes, crippled security issues, and old, unadapted regulations for the digital era," Laizet said. "Our laser focus is to provide a digital credit instrument adapted to Europe that could really change the configuration of the markets."

According to Laizet, today's market demands digital credit instruments to offer double-digit yields and volatility below two digits. The Capital B executive expressed confidence that bitcoin treasury companies can deliver such double-digit returns in the age of monetary devaluation.

"In the traditional finance world, if you were to take an obligation to pay double-digit performance, you would have to promise that you will generate 40 years, 50 years of cash flows that will be double-digit," Laizet said. "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 bitcoin's substantial appreciation allows the instruments to remain sustainable, using Strategy as an example, where the company recently sold 32 BTC to pay STRC dividends, only to purchase 1,587 BTC soon after. He added that Capital B has seen a 10-fold growth in the number of investors interested in the digital credit space compared to last year.

The Capital B executive acknowledged that these digital credit instruments carry risks, including bitcoin devaluation and counterparty risk. Laizet added that the likelihood of bitcoin's value going to zero is nearly nonexistent.

"Of course, there is a risk of execution, there is a risk of custody, but we work only with regulated banks. We have a team of capital market banking, technology and corporate finance experts," said Laizet.

Capital B, listed on Euronext Growth Paris under ticker symbol ALCPB, positions itself as Europe’s first and largest bitcoin treasury company. Bitcoin-focused investors, including Adam Back, Fulgur Ventures, and others, back the company.

The bitcoin treasury firm currently holds 3,139 BTC, with plans to scale its holdings to 15,000 BTC by the end of 2027. The company’s website states its goal is to capture 1% of Bitcoin's total supply by 2033.

Updated June 16, 2026, 16:28: The headline and portions of this article have been adjusted to clarify that this credit product is, at the moment, an area of active interest and not a finalized offering.

Updated June 17, 2026, 04:35 for additional clarity.