[French Investment Firm Melanion Plans to Raise €50 Million, Entirely for Bitcoin Purchases] According to PR Newswire, French investment firm Melanion Capital has announced the launch of a new strategic initiative, positioning itself as a private asset management company implementing a Bitcoin Treasury Operating Model (BTOC). Melanion stated: 'Unlike the publicly listed company model, Melanion's private structure provides greater flexibility in addressing volatility, structuring trades, and managing liquidity. The company will directly apply this strategy to its own balance sheet, showcasing the sustainability of Bitcoin reserves before offering a framework for other private enterprises to become BTOCs.' To accelerate the implementation of this strategy, Melanion's board plans to raise €50 million, entirely allocated to Bitcoin investments.