Melanion Capital Launches Europe’s First Regulated Private Bitcoin Treasury — €50M Allocation Under New BTOC Framework

On October 1, Paris-based asset manager Melanion Capital announced a strategic plan to implement the first regulated private Bitcoin treasury model in Europe. The firm intends to allocate €50 million of Bitcoin to its balance sheet and create a dedicated Bitcoin Treasury Operations Company (BTOC) framework to formalize governance, custody arrangements and reporting protocols. The BTOC is positioned as a structured, compliance-focused solution for private companies seeking disciplined treasury allocation, emphasizing treasury management and custody risk controls. This initiative reflects a broader market trend of corporates directing portions of cash reserves into digital assets and is designed to provide a replicable best-practice model for private-sector implementation.