Arcadia₿ Launches 1st Public Bitcoin Treasury Company in Mexico
By: Pete Rizzo
Arcadia₿, formerly known as KapitalEX, announced today its ambition to build the first publicly traded Bitcoin treasury company in Mexico, a move that marks a significant milestone in the spread of the Bitcoin treasury movement into one the world’s top economies.
The news – revealed in an interview with BitcoinTreasuries.net – signals a new phase for Mexico’s capital markets. While more than 30 countries worldwide have now adopted some form of Bitcoin treasury strategy according to BitcoinTreasuries.net data, the Mexican market was yet to have a Bitcoin treasury company listed on its own domestic markets. (Murano, based in Mexico, trades on the Nasdaq). Currently, institutional access to Bitcoin in Mexico remains limited. There are no Bitcoin ETFs, and while crypto exchanges have serviced customers since 2013, corporate investment is rare.
Arcadia₿, founded in 2017, provides a suite of Bitcoin-focused financial products for both retail and SME clients, including Bitcoin brokerage, collateralized lending, debit cards, and payment solutions. The company also announced the addition of former Strategy Bitcoin lead Ed Juline and EGADE Business School Professor Boyd Cohen to its leadership team.
In an interview with BitcoinTreasuries.net, Cohen said the company’s Bitcoin-centric approach is rooted in its beginnings. “From day one the company earned and saved in Bitcoin,” he said.
Boyd told BitcoinTreasuries.net the Arcadia₿ strategy draws from the experiences of companies like Metaplanet in Japan and industry leader Strategy in the US, with adjustments for Mexico’s unique regulatory and market context. The company notes potential tax advantages for public company Bitcoin holdings compared to private holdings in Mexico.
“Retail investors have a cap on taxes on capital gains from public equities of 10% while gains from other investments including spot Bitcoin can be taxed as high as 35%,” Cohen said.
Elsewhere, Cohen said Arcadia₿’s will benefit from not directly competing with the over 50 companies now buying Bitcoin in the U.S. market. Still, they expect to be one of many winners in the category across the globe.
“Our thesis is that this will work in every market with a central bank and a money printer,” said Cohen.
