French Firms Expand Bitcoin Treasury with €200M Share-Swap
Two French crypto firms, Crypto Blockchain Industries (CBI) and major shareholder Ker Ventures, have struck a €200 million share-swap agreement with Turkish exchange SAFEbit to acquire up to 2,000 Bitcoin. Rather than cash, SAFEbit will receive CBI shares in daily phases, each tranche priced on the two-day VWAP with a market discount. This deal is part of CBI’s ACE strategy—Acquire, Create, Earn—aimed at securing favorable Bitcoin treasury prices and designing new financial contracts. SAFEbit, holding over 2,000 BTC, uses this share-based model to tap into European markets amid shifting crypto regulations. The transaction highlights a broader trend of corporates, from Smarter Web to MicroStrategy, building long-term Bitcoin reserves without depleting cash, signalling growing institutional confidence in Bitcoin as a strategic treasury asset.
Bullish
The €200 million share-swap deal for 2,000 BTC marks a significant corporate commitment to building Bitcoin reserves. Similar transactions by MicroStrategy and others have historically driven institutional demand and reduced circulating supply, underpinning price support. By acquiring Bitcoin through equity rather than cash, CBI and SAFEbit demonstrate creative treasury management, potentially encouraging peers to adopt comparable strategies. In the short term, such large-scale accumulation may tighten supply and spur bullish sentiment among traders. Over the long term, the trend of treating Bitcoin as a strategic reserve asset strengthens market maturation, broadens institutional participation, and fosters sustained upward pressure on Bitcoin’s price.