The French company Capital B plans to launch a credit instrument modeled on Strategy's STRC. According to the firm's director of Bitcoin strategy, Alexandre Laizet, a shareholders' meeting on this matter will be held on June 17.
Put to a vote is a mandate to increase capital up to €5 billion and to issue credit instruments with a nominal amount of up to €100 billion. The company intends to use these mechanisms to accelerate its Bitcoin strategy.
Strategy's STRC is a perpetual preferred stock with a variable yield: the rate is adjusted so that the securities trade near the $100 par value. As of June 1, Capital B and its subsidiary Capital B Luxembourg SA held 3,139 BTC.
Source: ForkLog
