French Fintech Firm Secures €1 Million in Convertible Bonds for Bitcoin Treasury Initiative

A Paris-based fintech entity, BD Multimedia ($ALBDM), has successfully unveiled its “Bitcoin Treasury Company” strategy following the completion of a €1 million funding round via convertible bonds issuance. The initiative has received regulatory approval from both the French ACPR and PSAN authorities, ensuring compliance with securities and futures regulations governing fintech operations.

The fundraising structure demonstrates careful capital management, with equity dilution capped below 1% and a conversion price set at €12—representing a 48.1% premium above the prevailing market valuation. This prudent approach reflects institutional-grade financial engineering.

Strategic Bitcoin Allocation

All capital secured through this convertible bond offering will be allocated exclusively to Bitcoin acquisitions, positioning the company as an institutional treasury holder in the cryptocurrency space. This move signals growing mainstream adoption of digital assets as corporate reserves, particularly among regulated European financial entities.

Regulatory Framework Considerations

The approval process highlights the evolving landscape of securities and futures regulations as they adapt to accommodate cryptocurrency-focused investment strategies. Both ACPR and PSAN’s endorsement validates the compliance framework BD Multimedia has established, potentially setting a precedent for similar fintech ventures seeking regulatory clearance in France.

This initiative underscores how traditional securities issuance mechanisms—convertible bonds—are increasingly being deployed to fund Bitcoin accumulation strategies within a regulated environment.