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Miller Cole (@MillerC0le) is joined by Alexandre Laizet (@AlexandreLaizet) of Capital B - one of Europe’s largest Bitcoin treasury companies - for a conversation on building through the bear, digital credit, warrants, European vs US capital markets, and why Bitcoin treasury companies are entering their institutional phase. – Welcome and Capital B update – Raising through the bear and growing BTC per share – Europe building while the US takes the limelight – Cycles, monetary inflation and the gold narrative – Why 97% of capital sits in securities – The bear market as a stress test – How the treasury model is evolving – Capital B’s warrants and the path – Why more European issuers help the whole sector – Why balance sheet size matters – Digital credit in Europe vs the US – Global access, CBOE and market-maker depth – Breaking the diminishing-returns thesis – Bitcoin, fiat and separating money from state – Debasement, geopolitics and the long-term vision – How the next 6–12 months look – Bitcoin as hope LSE: SWC | OTCQB: TSWCF | FRA: 3M8 Website: smarterwebcompany.co.uk X: @smarterwebuk · @MillerC0le Watch live / replay on YouTube and X. Drop questions and feedback in the comments!