BlockBeats News, October 1st, Paris-based asset management company Melanion Capital recently launched a new strategic plan to establish the first regulated private Bitcoin treasury model in Europe. The company will be the first to allocate 50 million euros worth of Bitcoin to its balance sheet, aiming to create a replicable best practice for private enterprises. The introduced “Bitcoin Treasury Operations Company” (BTOC) framework is specifically designed to provide a structured solution for private companies to allocate Bitcoin assets. This move comes as public companies (including non-crypto sector companies) continue the industry trend of allocating cash reserves to digital currencies.
