How did Capital B handle the bear market? @_ALCPB’s @AlexandreLaizet says bitcoin holdings, bitcoin per share, and cash reserves all went up. 🎥 The Future of Capital Markets, Lugano, with @bfxsecurities

“The income market is broken in the traditional world.” @_ALCPB’s @AlexandreLaizet says bitcoin-backed products like SATA, STRC, and SATS have grown from a few hundred million to tens of billions, offering double-digit yields and a stronger credit profile for investors. 🎥 The Future of Capital Markets, Lugano, with @bfxsecurities

THE STARTING BLOCK LIVE: Join us at The Future of Capital Markets as we dig into Bitcoin Treasuries, tokenization and securities. Feat. @KnutsonJesse @ColeMacro @Excellion @RaphaZagury @Giovann35084111 @AlexandreLaizet @Arnab_Naskarr @RichardByworth We're live! @BFXSecurities | @bitfinex

One of the most fascinating parts of this episode was hearing @YChoueifaty explain how TOBAM actually evaluates Digital Credit. It's one thing to discuss $STRC, $SATA, $SATS, and $MORE. It's another to hear how institutional investors model and price these instruments. Credit risk, dividend sustainability, discretionary payments, embedded optionality... There's a lot more complexity than meets the eye. And traditional credit ratings are still far behind when it comes to Bitcoin Treasuries and Digital Credit. The financial engineering is happening on the liability side of Bitcoin Treasury companies' balance sheets. And institutions are developing their own models to make sense of it. Which raises an interesting question: Who will challenge and potentially disrupt the traditional credit rating models of S&P and Moody's? Fascinating times ahead!

Wall Street might be sleeping on one of Bitcoin's biggest opportunities. Digital Credit $STRC $SATA is rapidly evolving into an entirely new institutional asset class. And the implications for Bitcoin Treasury companies could be enormous. From Smarter Web's $MORE launch in the UK to the potential mispricing of Strategy's $STRC and Strive's introduction of $SATS, financial innovation is accelerating. But the bigger picture goes far beyond individual companies. Bitcoin is finding its way into the very foundations of traditional capital markets. And we're only getting started. Another fascinating episode of Inside the Walls with @AlexandreLaizet, @Andre_Dragosch and @YChoueifaty. Don't miss it! 🔥👇 $MSTR $ASST $SWC $ALCPB

2026 HY Financial Results report and presentation now accessible at and earnings presentation available below. We are fully and relentlessly focused on the potential of digital credit to maximize the number of bitcoin per fully diluted share over time for our shareholders 🟧 Onwards! Capital B @_ALCPB, Europe’s First Bitcoin Treasury Company 🇫🇷

Is Wall Street fundamentally mispricing Bitcoin-backed credit? In Episode 6 of Inside the Walls, we had a fascinating conversation with @AlexandreLaizet from @_ALCPB, @Andre_Dragosch from @Bitwise, and @YChoueifaty from TOBAM. A few particularly interesting takeaways: → Strategy's $STRC could be significantly mispriced. André argues that its yield is far above what comparable credit risk would suggest. → Strive $ASST is pushing financial innovation further. The introduction of $SATS, offering a 15% dividend, could actually strengthen $SATA rather than undermine it. → Smarter Web $SWC is opening a new frontier for Digital Credit. With £10M raised through $MORE, the UK now has its first Bitcoin-backed perpetual preferred stock, potentially paving the way for broader institutional adoption across Europe. → The next capital rotation could favor Bitcoin. As inflation accelerates and the AI trade cools, André sees the potential for billions to rotate from semiconductor stocks into Bitcoin over the coming months. And we finish with a provocative discussion about Bitcoin custody: Is "not your keys, not your coins" really scalable? Or is institutional custody an inevitable part of Bitcoin's future? Another fantastic conversation with three incredibly insightful minds. The financial system isn't being replaced overnight. It's being transformed from within. 00:00 Bitcoin Market Update: Inflation, MSTR, Strive & Smarter Web 03:05 The Digital Credit Revolution: STRC, SATA, SATS & MORE 07:25 Smarter Web's MORE: Was the £10M Launch a Success? 12:37 Can Bitcoin-Backed Credit Become an Institutional ETF? 15:52 Retail vs. Institutional Demand: Who Will Drive Digital Credit? 23:24 Can Credit Ratings Unlock Institutional Bitcoin Adoption? 27:38 Is STRC Mispriced? Bitcoin Credit vs. Traditional High-Yield Bonds 31:41 Why SATS Actually Strengthens SATA 39:05 Strive's 15% SATS Dividend: Is the Yield Sustainable? 41:39 Inflation Shock: Will the Fed Raise Interest Rates Again? 45:53 When Could Billions Rotate Into Bitcoin? 47:15 TOBAM Challenges “Not Your Keys, Not Your Coins” 51:40 Is Institutional Bitcoin Custody Inevitable? 55:55 How TOBAM Secured Bitcoin Before Institutional Custodians 58:03 The Future of Bitcoin Custody: Multisig vs. Self-Custody 59:42 Final Thoughts: Bitcoin's Institutional Future Watch the full episode! 🔥👇

Two of Europe’s largest listed Bitcoin treasury companies, in one room. @AlexandreLaizet of @_ALCPB joins Sander Andersen of H100 to open Capital Sessions in Lugano on 21 Oct with a conversation on growing Bitcoin per share in Europe. Limited places are running out. RSVP below.

🟠 Capital B $ALCPB has acquired 376 BTC for €25.3 million at €67,182 per bitcoin and has achieved BTC Yield of 2.17% YTD. As of 9/7/2026, Capital B holds 3,521 $BTC for €309.4 million at €87,878 per bitcoin⚡️ $ALCPB 🇫🇷 $CPTLF 🇺🇸 Europe's First Bitcoin Treasury Company ⚡️ ⚡️⚡️

Bitcoin Capital Markets built on Bitcoin @Liquid_BTC⚡️ Outstanding work by @stokr_io @Arnab_Naskarr and team with Bitcoin Treasury Companies now accessible on @bitfinex⚡️Capital B with ticker $CALCPB⚡️

🟠 Capital ₿ Annual Results Presentation, FY 2025 ⚡️ ⚡️ €11 M Revenue in FY 2025, and positive operational business EBITDA of €1.2 M ⚡️ Capital B operational cash treasury and BTC for operational needs represent approx. €7.6M as of April 2026, corresponding to 1.85x annual BTCTC costs of €4.1M (FY25) ⚡️ €278.3 million raised and acquisition of 2,783 BTC (from 40 to 2,823) during FY 2025, with an annual BTC Yield of 1,658.5% (from 41 to 721 sats per fully diluted share over the period) $ALCPB 🇫🇷 $CPTLF 🇺🇸 Europe's First Bitcoin Treasury Company ⚡️⚡️⚡️ Note: Operational data has not been subject to financial audit from the Company’s financial auditors and should be taken as indicative only. Find all information on the website of Capital B: Presentation Slides: Presentation Video on YT:

🟠 Capital ₿ has acquired 6 BTC for €0.4 million at €66,951 per bitcoin and has achieved BTC Yield of 1.61% YTD. As of 4/27/2026, $ALCPB holds 2,943 $BTC for €270.5 million at €91,924 per bitcoin ⚡️ @_ALCPB Europe's First Bitcoin Treasury Company 🇫🇷⚡️