French asset management company Melanion Capital plans to raise 50 million euros to allocate to Bitcoin reserves

ChainCatcher news, according to The Fintech Times, Paris-based asset management company Melanion Capital has announced the launch of a new strategy, planning to raise €50 million, which will be entirely allocated to Bitcoin as the company's own reserve asset.

The company stated that this move aims to launch Europe's first regulated private Bitcoin reserve model and provide a replicable example for other private companies. Unlike passive holding, Melanion Capital plans to actively manage the assets through methods such as treasury optimization to enhance performance, aiming to transform Bitcoin from a defensive allocation into a source of actively outperforming market assets. Melanion Capital previously launched Europe's first UCITS-compliant Bitcoin-themed ETF in 2021.