French company Capital B plans to launch a credit instrument modeled after Strategy's STRC. According to Alexander Leze, the firm's director of Bitcoin strategy, a shareholders' meeting on this matter is scheduled for June 17.
The agenda includes a mandate to increase capital to €5 billion and issue credit instruments with a nominal value of up to €100 billion. The company aims to use these mechanisms to accelerate its Bitcoin strategy.
The STRC at Strategy consists of perpetual preferred shares with a variable yield: the rate is adjusted so that the shares trade close to the nominal value of $100. As of June 1, Capital B and its subsidiary Capital B Luxembourg SA held 3,139 BTC.