Paris-listed bitcoin treasury company Capital B is preparing a new bitcoin-backed credit instrument aimed at investors across Europe. The company says the planned offering is designed to address challenges facing European investors while providing access to yield-generating products backed by bitcoin reserves.
Speaking with The Block during BTC Prague, Capital B board director Alexandre Laizet outlined the company’s vision for a digital credit solution modeled after successful bitcoin-linked products that have emerged in the United States.
Capital B Looks to Replicate US Bitcoin Credit Success
The proposed credit instrument takes inspiration from Strategy’s STRC and Strive’s SATA, two bitcoin-related credit products that have attracted attention in the market.
According to Laizet, Capital B sees an opportunity to create a similar offering tailored to Europe’s regulatory and financial environment. He argued that investors in the region continue to face obstacles, including high taxes, security concerns, and regulations that were not designed for the digital asset era.
Laizet said:
“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.
Alexandre Laizet
Board Director – Capital B
He added that the company remains focused on building a digital credit instrument capable of changing the current market structure while expanding access to bitcoin-based financial products.
Bitcoin Treasury Forms the Foundation
The planned offering will be backed by Capital B’s bitcoin treasury holdings. The company currently holds 3,139 BTC, making it one of the largest corporate bitcoin holders in Europe.
Laizet believes bitcoin treasury companies possess a unique advantage when creating yield products because of bitcoin’s long-term appreciation potential.
Laizet said:
“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. 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.
Alexandre Laizet
Board Director – Capital B
The executive argued that bitcoin’s historical growth profile allows treasury companies to support attractive returns without relying on conventional business cash flows.
Strategy Example Highlights Yield Model
Laizet pointed to recent activity from Strategy as evidence of how bitcoin treasury firms can support credit products.
He noted that Strategy sold 32 BTC to meet dividend obligations tied to STRC before later purchasing 1,587 BTC. According to him, such activity demonstrates how treasury operators can manage yield distributions while continuing to expand their bitcoin holdings.
Capital B expects similar principles to support its planned European credit instrument.
Investor Demand Continues to Rise
The company says interest in digital credit products has accelerated significantly over the last year.
Laizet revealed that the number of investors exploring digital credit opportunities has increased by a factor of ten compared with the previous year. He attributed the growth to increasing awareness of bitcoin-backed financial products and rising demand for alternative yield opportunities.
Capital B also has ambitious long-term goals. The company aims to grow its holdings to 15,000 BTC by 2027 and ultimately accumulate 1% of bitcoin’s total supply by 2033.
Risks Remain Part of the Strategy
While optimistic about the opportunity, Laizet acknowledged that bitcoin-backed credit products are not without risk.
He cited potential challenges, including bitcoin devaluation, counterparty exposure, execution risks, and custody concerns. However, he emphasized that Capital B works exclusively with regulated banking partners and employs specialists across capital markets, technology, and corporate finance.
“There is a risk of execution, there is a risk of custody,” Laizet said.
The company has not disclosed a launch date for the proposed instrument.