Bitcoin is more than a store of value. It is a global, decentralised infrastructure for digital ownership and economic coordination. As this network expands, its role as foundational market infrastructure accelerates.

Europe must lead, not follow. By operating within the Bitcoin ecosystem and deploying bitcoin as productive working capital, we aim to reinforce resilience for our region, create long-term value for shareholders, and help build the financial rails of the future.

Our long-term operational capacity ambition is to deploy up to 210,000 bitcoin, 1% of global supply, as fuel, collateral and working capital. By actively participating in the network through liquidity provision, lending, validation and treasury capital markets operations, we generate operational cash flows that increase our total bitcoin and our bitcoin-per-share over time.