Melanion Capital Raises €50M for Bitcoin Treasury Strategy
Paris-based Melanion Capital is deepening its involvement in BTC by raising €50 million to allocate directly into the cryptocurrency. This move introduces a private, regulated Bitcoin Treasury Operated Company (BTOC) model, providing flexibility to manage volatility and optimize liquidity.
- Melanion's approach aims to demonstrate the sustainability of a Bitcoin treasury before offering this framework to other private entities.
- The €50 million fundraise marks one of Europe's largest private Bitcoin treasury commitments, highlighting Bitcoin's role as a hedge against inflation and a tool for long-term monetary transition.
In 2021, Melanion launched Europe’s first UCITS-compliant Bitcoin Equities ETF and is now shifting towards a more aggressive Bitcoin strategy.
LQWD Technologies Increases BTC Reserves
Canada-based LQWD Technologies added 5 BTC to its reserves, totaling about 166 BTC, as part of a steady accumulation strategy without incurring debt.
- LQWD raised $1.85 million to acquire more Bitcoin, emphasizing its long-term growth potential.
Keen Golden Enhances Bitcoin Holdings
Keen Golden, with a 70% parent ownership stake, increased its Bitcoin exposure by purchasing 106 BTC worth $12 million. This acquisition supports a strategic agreement with Bitmain Group, involving a crypto mining server purchase.