Behind The Bitcoin Society, Eric Larchevêque transforms the Tayninh micro-cap into a bitcoin treasury and financial sovereignty network. In other words: a French-style MicroStrategy, but grafted onto an activist community.
In brief
- Eric Larchevêque transforms the Tayninh micro-cap into The Bitcoin Society, focused on publicly traded Bitcoin
- TBSO wants to build a community of clubs and training courses whose activity finances a treasury in Bitcoin
- With SCA governance and planned fundraising, TBSO is positioning itself as a French listed Bitcoin laboratory.
A bet taken on the “bitcoin treasury company” model
Initially, Tayninh is not very spectacular. A micro-cap from Euronext Paris, valued at around 1 million euros via a public purchase offer at €0.11 per share. It is precisely this vehicle listed by three investors. Eric Larchevêque, Nathan Benchimol and Tony Parker decided to “recycle” into a project centered on bitcoin.
The plan is to transform the company into a bitcoin treasury company. The cash flow of clubs, training, networks and fundraising will be gradually converted into bitcoins held for the 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 action.
For now, TBSO is starting from a blank slate. The company says it bluntly. She does not currently hold any Bitcoin. The first purchases will take place during dedicated capital or debt issues, with detailed information on risks, dilution included. It’s a cautious, very “regulated market” approach, which contrasts with the often wild side of the crypto-universe. But the ambition remains strong: to create a listed company in France whose balance sheet will gradually follow Satoshi Nakamoto's protocol.
A networked society to put the individual at the center
Beyond bitcoin cash, the heart of the project is political in the broad sense: building a “networked society” for those who demand 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 grain. Larchevêque targets entrepreneurs, the self-employed, investors in the real economy.
Concretely, TBSO wants to become a hub of clubs, events and training. Circles where we talk about entrepreneurship, investment and financial education, with the same backbone: Bitcoin as a monetary standard. We are no longer in the simple “crypto club” which comments on the price of BTC, but in 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 fund the cash, which is then gradually converted into Bitcoin. The model becomes circular. The more active the community, the more bitcoins the company can accumulate, and the greater the potential long-term value per share for shareholders who believe in this strategy.
Governance, brand and fundraising: a French listed Bitcoin laboratory
To lock in this project over the long term, the company is preparing a major legal transformation : become a partnership limited by shares (SCA). Larchevêque, via Financière Larchevêque, will become general partner and manager. This plan, widely used to protect a long-term vision against market volatility, allows initiators to keep control even in the event of strong dispersion of capital. In a model backed by bitcoinwhere bull and bear market cycles can be violent, this type of governance is not trivial. 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, the 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 that this implies. This is part of the objective of a France wishing to catch up.
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