Cerastium candidissimum Correns is an endangered species. Nevertheless, its ornamental characteristics make it an ideal candidate for commercial use as a new ornamental and landscape plant. As there are no references to the in vitro propagation of this species, the present research aims to comparatively investigate the potential that in vitro propagation may have of three different populations of the plant, from Mounts Parnassos (PS), Parnitha (PR), and Hymettus (HM), respectively. The establishment of the initial cultures took place by cotyledonary- and stem-node explants, excised from in vitro grown seedlings, on Murashige and Skoog (MS) media, without hormone (Hf), or with 0.5 mg L−1 6-benzyladenine (BA). The shooting percentage was higher in the case of the PS population (97.6%). It was also higher for stem-node explants (93.9%). The multiplication phase took place on Hf MS, or on MS containing BA (0.5 and 1.0 mg L−1), with or without 0.1 mg L−1 1-Naphthaleneacetic acid. The higher shoot production was observed in the PS and PR populations (88.0% and 76.9% shooting, with 3.1 and 2.7 shoots/explant, respectively). Micro-shoots rooted at high percentages on half-strength MS (80.0–100.0%). Successful acclimatisation (95.0%) was established on peat: perlite (1:1 v/v). Moreover, an efficient alginate-encapsulation procedure was developed from PS stem-node explants, using a 3.0% w/v sodium alginate and 14.7 g L−1 calcium chloride solution. Alginate beads exhibited a higher shoot proliferation (3.8 shoots) after 60 days of storage at 4.0 °C and a 50-day growth on Hf MS than non-encapsulated in vitro node-explants did. The presented protocol of in vitro propagation of C. candidissimum could facilitate the exploitation of the species by the floricultural industry and contribute to conservation strategies.