France : Larchevêque Unveils The Bitcoin Society

Behind The Bitcoin Society, Eric Larchevêque transforms the micro-cap Tayninh into bitcoin treasury and a network of financial sovereignty. In other words: a MicroStrategy the French way, but grafted onto an activist community.

A Committed Bet on the “bitcoin treasury company” Model

Initially, Tayninh is nothing spectacular. A micro-cap on Euronext Paris, valued around 1 million euros through a public tender offer at €0.11 per share. It is precisely this listed vehicle that three investors, Eric Larchevêque, Nathan Benchimol and Tony Parker, have decided to “recycle” into a bitcoin-centered project.

The plan is to turn the company into a bitcoin treasury company. The treasury of clubs, training, network and fundraising will be progressively converted into bitcoins held long term. The stated objective is simple to understand, but radical: to increase, over the years, the number of bitcoins per share. What matters now is no longer the euro but the number of BTC actually attached to each share.

For now, TBSO starts with a blank slate. The company states it directly. It currently holds no Bitcoin. The first purchases will take place during dedicated capital or debt issuances, with detailed risk information including dilution. This is a cautious approach, very “regulated market”, which contrasts with the often wild side of the crypto universe. But the ambition remains strong: to create in France a listed company whose balance sheet will progressively follow Satoshi Nakamoto’s protocol.

A Network Company to Put the Individual Back at the Center

Beyond bitcoin treasury, the core of the project is political in the broad sense: to build a “network company” for those who claim individual responsibility, work, financial autonomy and freedom. In a country where the culture of public rent and employment remains dominant, the positioning is deliberately against the current. Larchevêque targets entrepreneurs, freelancers, and investors in the real economy.

Concretely, TBSO wants to become a hub of clubs, events, and training. Circles where entrepreneurship, investment, and financial education are discussed, with the same backbone: Bitcoin as the monetary standard. This is no longer a simple “crypto club” commenting on BTC price, but an attempt to structure an economic and cultural base around the most robust digital currency on the market.

This network dimension is not just a marketing argument. It also serves as an economic engine. Club activities, training programs, and member services finance the treasury, which is then gradually converted into Bitcoin. The model becomes circular. The more active the community, the more the company can accumulate bitcoins, and the greater the potential long-term value per share increases for shareholders who believe in this strategy.

Governance, Brand and Fundraising: A French Laboratory of Listed Bitcoin

To secure this project in the long term, the company is preparing a major legal transformation: to become a partnership limited by shares (SCA). Larchevêque, via Financière Larchevêque, will become the general partner and manager. This structure, widely used to protect a long-term vision against market volatility, allows founders to maintain control even in case of strong capital dispersion. In a bitcoin-backed model, where bull and bear market cycles can be violent, this type of governance is significant. The roadmap is already set.

An extraordinary general meeting in January 2026 will have to validate the change of corporate purpose, the transformation into an SCA, the new name, governance, and the financial delegations necessary to launch fundraising. If the resolutions are adopted, TBSO will officially become a “bitcoinized” governance laboratory within a French regulated market, with all the transparency requirements this entails. This aligns with France’s goal to catch up.