Melanion Capital, a Paris-based asset management firm, has announced plans to raise €50 million to allocate Bitcoin as reserve assets. This initiative aims to establish Europe's first regulated private Bitcoin reserve model, serving as a proof-of-concept for other companies. Unlike passive holdings, Melanion Capital intends to actively manage its Bitcoin reserves through fund optimization strategies to enhance performance, transforming Bitcoin into an asset that outperforms the market. The firm previously launched Europe's first UCITS-compliant Bitcoin-themed ETF in 2021.