Winklevoss-Backed Treasury BV Raises $147 Million, Acquires 1,000 BTC for European Market Leadership

Netherlands-based Treasury BV, a new Bitcoin treasury company backed by prominent cryptocurrency advocates Cameron and Tyler Winklevoss, has announced a successful private funding round totaling €126 million ($147 million). The company has already acquired over 1,000 Bitcoin and aims to become Europe's largest publicly traded Bitcoin treasury, marking a significant step towards expanding institutional access to the leading cryptocurrency in the region. As highlighted in a recent social media post, "THE WINKLEVOSS BROTHERS BACKS NEW #BITCOIN TREASURY COMPANY 'TREASURY' AIMING TO BECOME EUROPE'S LARGEST HOLDER OF BTC."

The substantial funding round was co-led by Winklevoss Capital and Nakamoto Holdings, with the capital specifically allocated for the acquisition of crypto assets, primarily Bitcoin. This strategic investment positions Treasury BV to significantly expand its footprint across the European market, drawing parallels to the corporate Bitcoin treasury model pioneered by U.S. firms like MicroStrategy. The company's current holdings of over 1,000 BTC are valued at more than $110 million at recent market prices.

To facilitate its public listing, Treasury BV has entered a binding agreement for a reverse merger with Dutch investment firm MKB Nedsense NV. Upon the transaction's completion, the entity will be renamed Treasury N.V. and is anticipated to commence trading on Euronext Amsterdam under the ticker symbol TRSR. The merger values Treasury BV at a 72% premium over MKB Nedsense's closing share price on July 11, with a targeted post-consolidation share price of €2.10.

Cameron and Tyler Winklevoss, co-founders of the Gemini crypto exchange, have long been vocal proponents of Bitcoin and its deeper integration into traditional finance. Commenting on their involvement, the brothers stated, "The Netherlands is the birthplace of the joint stock company and the stock market… Treasury is continuing this tradition by bringing Bitcoin, the greatest financial innovation of this century, to investors in Europe." This backing underscores a growing trend of institutional interest in Bitcoin treasuries outside the United States.

Khing Oei, CEO of Treasury BV, articulated the company's ambitious vision, emphasizing that "Bitcoin is shaping the future of global financial markets, and the next wave, which we call the equitization of bitcoin, is expected to dramatically broaden access and ownership." The firm has also acquired Bitcoin Amsterdam, Europe's flagship Bitcoin conference, to further its adoption efforts. This development occurs amidst a burgeoning European market for such ventures, with other entities like Dutch firm Amdax also announcing plans for Bitcoin treasury companies.