France’s Bitcoin Revolution: Eric Larchevêque Unveils The Bitcoin Society – A Bold Financial Sovereignty Experiment
- What Is The Bitcoin Society and Why Does It Matter?
- How Does The Bitcoin Treasury Model Work?
- Why Is The Governance Structure Unique?
- What’s The Bigger Cultural Vision?
- When Will Bitcoin Purchases Begin?
- Could This Become a European Bitcoin Standard?
- FAQs About The Bitcoin Society
In a move that’s shaking up France’s financial landscape, crypto pioneer Eric Larchevêque has transformed micro-cap company Tayninh into "The bitcoin Society" (TBSO) – a radical experiment combining Bitcoin treasury strategies with grassroots financial education. This "French MicroStrategy" aims to build a decentralized network of Bitcoin clubs while accumulating BTC per share, challenging traditional euro-centric investing. With plans to convert all treasury assets to Bitcoin and adopt a unique governance model, TBSO could become Europe’s first publicly-traded Bitcoin-native company by 2026.
What Is The Bitcoin Society and Why Does It Matter?
Picture this: a French public company where success isn’t measured in euros but in satoshis per share. That’s the radical vision behind The Bitcoin Society, spearheaded by Ledger co-founder Eric Larchevêque alongside investors Nathan Benchimol and basketball star Tony Parker. They’ve taken Tayninh – a tiny €1M market cap shell company trading at €0.11/share on Euronext Paris – and are rebooting it as a Bitcoin treasury play with a twist.
The model is deceptively simple yet revolutionary:
- Convert all treasury assets to Bitcoin (starting from zero BTC currently)
- Fund accumulation through member clubs, education programs, and capital raises
- Measure success purely by BTC per share growth over years/decades
How Does The Bitcoin Treasury Model Work?
Unlike MicroStrategy’s corporate Bitcoin buys, TBSO is building an entire ecosystem to fuel its BTC accumulation. The company will host Bitcoin education clubs, investment workshops, and entrepreneurial networks across France – with all profits funneled into Bitcoin purchases. It’s creating what Larchevêque calls a "circular economy" where:
- Members pay for education/community access
- Revenue converts to BTC treasury
- Growing BTC per share attracts more members
- Repeat
"We’re not just another crypto price discussion group," Larchevêque emphasized in recent interviews. "This is about rebuilding financial infrastructure around Bitcoin’s monetary properties." The approach is notably cautious by crypto standards – all purchases will happen through regulated capital/debt offerings with full risk disclosures.
Why Is The Governance Structure Unique?
In January 2026, shareholders will vote to transform TBSO into a(SCA) – a French limited partnership structure that lets founders maintain control despite capital dispersion. Larchevêque’s holding company will become the managing partner, insulating long-term vision from market volatility.
This matters because:
| Feature | Benefit |
|---|---|
| SCA Structure | Prevents hostile takeovers during bear markets |
| BTC-denominated shares | Aligns incentives with Bitcoin’s 4-year cycles |
| Regulated framework | Provides institutional credibility |
What’s The Bigger Cultural Vision?
Beyond balance sheet mechanics, TBSO represents a philosophical challenge to France’s welfare-state mentality. The project explicitly targets entrepreneurs, freelancers, and investors seeking financial autonomy – a contrarian stance in Europe’s most statist economy.
"We’re building a network society for those who value individual responsibility," Larchevêque stated during the cathedral unveiling (yes, they launched this in a cathedral). The symbolism isn’t subtle – this is financial heresy by French standards, where 57% of GDP comes from government spending according to 2024 OECD data.
When Will Bitcoin Purchases Begin?
TBSO currently holds zero Bitcoin – a fact they transparently disclose. The first BTC purchases are slated for after the 2026 shareholder meeting, funded through:
- Member club revenues (projected €2M annually by 2027)
- Regulated capital raises
- Potential corporate debt offerings
The BTCC research team notes this phased approach contrasts sharply with MicroStrategy’s aggressive accumulation strategy, possibly reflecting European regulatory caution. All purchases will be publicly reported under French market rules.
Could This Become a European Bitcoin Standard?
If successful, TBSO could pioneer a new corporate category – the "Bitcoin-native company." Its hybrid model combines aspects of:
- Publicly-traded Bitcoin fund (like a European GBTC)
- Financial education platform
- Decentralized autonomous organization (DAO)
With France lagging in crypto adoption (just 8% of adults own crypto vs 16% EU average per 2024 ECB data), TBSO represents both an experiment and potential template for regulated Bitcoin adoption. As one Paris-based trader quipped: "They’re trying to build a Bitcoin CFA institute – if the CFA were run by cypherpunks."
This article does not constitute investment advice.
FAQs About The Bitcoin Society
Who are the founders of The Bitcoin Society?
The project is led by Eric Larchevêque (co-founder of Ledger), alongside investors Nathan Benchimol and NBA star Tony Parker.
How is this different from MicroStrategy?
While both accumulate Bitcoin on corporate balance sheets, TBSO adds a grassroots membership component and uses a unique French partnership structure for governance.
When will TBSO start buying Bitcoin?
After shareholder approval in January 2026, with purchases funded through regulated capital/debt offerings and membership revenues.
Can international investors participate?
Yes, through Euronext Paris listings (Ticker: TBSO), though the membership clubs initially focus on French residents.
What’s the long-term vision?
To create a self-sustaining ecosystem where Bitcoin education funds Bitcoin accumulation, creating a virtuous cycle of adoption.
