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Capital B, a French company that holds $BTC as a corporate treasury asset, is developing a bitcoin-backed credit instrument modeled on the STRC format, Cryptonews.net reported.
No terms, counterparties, launch date, or deal size were disclosed.
What the Report Covers Capital B is described as a French bitcoin treasury firm — a company that allocates $BTC to its balance sheet as a strategic reserve. The product under development is characterized as STRC-style.
The report provides no details on instrument mechanics, potential partners, or the size of Capital B's existing bitcoin position.
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