According to the source, Melanion Capital plans to launch a €50M fund to build a private, regulated BTC reserve, as stated in a social-media post dated Oct 1, 2025 (source: social media post, Oct 1, 2025). For traders, the headline size implies up to €50M of potential BTC purchases if capital is fully allocated to Bitcoin, but the source did not disclose deployment schedule, custody setup, or regulatory domicile (source: social media post, Oct 1, 2025). The source provided no details on investor eligibility, mandate, or timelines, so near-term flow impact is unclear; monitor for an official announcement and specifics from Melanion Capital before inferring market liquidity effects (source: social media post, Oct 1, 2025).