Bitcoin News Today: French Crypto Firms Swap Shares for 2,000 Bitcoin in 200M Euro Deal

French-based crypto firms have executed a significant share-swap deal to expand their Bitcoin holdings, marking a new phase in corporate adoption of digital assets. On August 1, Crypto Blockchain Industries (CBI) and its major shareholder Ker Ventures entered an agreement with Turkish exchange SAFEbit, acquiring up to 2,000 Bitcoin in exchange for company shares. The deal, valued at over €200 million, is being carried out in stages, with daily exchanges of shares for BTC based on market prices and a two-day volume-weighted average price (VWAP) for CBI shares, adjusted for current market conditions [1].

This strategic move aligns with CBI’s ACE (Acquire, Create, Earn) strategy, aiming to build a robust digital asset portfolio without using cash. SAFEbit, which currently holds over 2,000 Bitcoin, is converting its digital holdings into European-listed shares through this partnership, increasing its exposure to the continent’s financial markets. The deal is also seen as a response to evolving crypto regulations across different regions, allowing SAFEbit to position itself more favorably in the European landscape [1].

The transaction reflects a broader trend of institutional investors in Europe and beyond acquiring Bitcoin as a long-term reserve asset rather than a speculative tool. Recent reports indicate that firms such as Smarter Web and MicroStrategy have similarly increased their Bitcoin holdings. Smarter Web, for example, has added 225 more BTC, bringing its total to over 2,000 as part of its 10-Year Plan for digital asset accumulation. Analysts note that the shift toward Bitcoin is driven by macroeconomic uncertainties, including inflation and currency devaluation risks, particularly in the Eurozone [3].

In a similar vein, DevvStream recently reallocated its treasury to include both Bitcoin and Solana, citing Bitcoin’s store-of-value properties and Solana’s utility in cross-border transactions and smart contracts. This diversified approach highlights how firms are balancing stability with technological innovation [2].

The CBI-SAFEbit agreement is among the largest corporate Bitcoin acquisitions in Europe this year and may encourage further institutional participation in the crypto market. It also signals increased acceptance of digital assets within institutional finance, especially as regulatory clarity improves in the region. Meanwhile, Metaplanet has set a target of acquiring 210,000 Bitcoin by 2027, though this remains a forecast and depends on future funding and market conditions [3].

As corporate entities increasingly integrate Bitcoin into their treasury strategies, the market could see heightened demand for digital assets, further institutional legitimacy, and potential regulatory shifts. These developments mark a pivotal moment in the mainstream adoption of cryptocurrencies.

Source:

[1]title1.............................(https://crypto.news/french-public-treasury-firm-plans-2k-btc-purchase-in-e200m-share-swap-deal/)

[2]title2.............................(https://crypto.news/devvstream-plants-crypto-roots-with-bitcoin-and-solana-treasury-debut/)

[3]title3.............................(https://maxdata.app/)