French investment company Melanion plans to raise 50 million euros, all of which will be used to purchase Bitcoin

ChainCatcher news, according to a press release, French investment firm Melanion Capital has announced the launch of a new strategic initiative positioning itself as a private asset management company implementing a Bitcoin Reserve Operating Model (BTOC).

Melanion stated: "Unlike the public company model, Melanion's private structure provides greater flexibility in dealing with volatility, building trades, and managing liquidity; the company will apply this strategy directly on its own balance sheet, showcasing the sustainable Bitcoin reserve model before providing a framework for other private enterprises to become BTOC." To accelerate the implementation of this strategy, the Melanion board plans to raise €50 million, all of which will be allocated to Bitcoin.