
According to the company’s official announcement, Melanion Capital will allocate €50 million entirely to Bitcoin, using its private structure to pioneer a flexible treasury framework for other private enterprises.
French investment firm Melanion Capital announced it will adopt a Bitcoin Treasury Operation Company (BTOC) model. The strategy involves placing Bitcoin directly on its balance sheet, leveraging its private structure for greater flexibility in managing volatility, structuring trades, and liquidity. The firm’s board plans to raise €50 million, entirely dedicated to Bitcoin holdings, to accelerate implementation. Initially, Melanion will apply the model internally before offering it as a framework for other private enterprises.